Arab Today, arab today op financial group upgrades finlands economic forecasts
Last Updated : GMT 13:34:54
Arab Today, arab today
Arab Today, arab today

OP financial group upgrades Finland's economic forecasts

Arab Today, arab today

Arab Today, arab today OP financial group upgrades Finland's economic forecasts

OP Financial Group logo
Helsinki - XINHUA

OP Financial Group, the largest financial service group in Finland, raised its forecast for the country's economic growth in 2016, reported Finnish online business daily Talousanomat on Tuesday.

In its latest forecast, OP Group upgraded Finland's economic forecast for 2016 to grow by 1.1 percent from 0.8 percent in the previous prediction made in January, said Talousanomat.

The growth would be based mainly on the recovery of investment, particularly, a strong pick-up in construction investment, said the financial group.

Meanwhile, the projection for 2017 was lowered to 1.4 percent from 1.6 percent.

Reijo Heiskanen, chief economist of OP Group, explained that the outlook was clouded by the slow growth in exports, as well as a number of risks such as the weak compact of competitiveness agreement on the economy, the global economic slowdown and uncertainty over Britain's membership of the European Union.

The financial group expected the country's exports to grow 0.3 percent this year and 3.1 percent in 2017.

The Finnish economy has been mired in a prolonged recession since the global financial crisis in 2008. After three consecutive years of negative growth, the Finnish economy has finally started to show some signs of recovery.

In February, the European Commission forecasted that the Finnish economy will grow just by 0.5 percent in 2016. It said that Finland was the only EU country whose growth would remain below 1.0 percent except Greece. The average growth rate in the EU could be 1.7 percent this year.

The Finnish Ministry of Finance admitted that Finland had not been properly kept the pace with the growth in the rest of the euro zone.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today op financial group upgrades finlands economic forecasts Arab Today, arab today op financial group upgrades finlands economic forecasts

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today op financial group upgrades finlands economic forecasts Arab Today, arab today op financial group upgrades finlands economic forecasts

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 05:52 2017 Wednesday ,28 June

Suzanne Tamim’s father refuses to give comment

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday