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IMF optimistic about Finland’s ability to weather the recession

06/02/2009

Unemployment rate  to increase just 0.8 percent in Finland.

IMF is optimistic about Finland’s ability to weather the recession. Finland’s gross domestic product will fall by only one percent in 2009, according to the latest forecast by the International Monetary Fund (IMF). IMF’s newly published country report states that "spillovers from the global turmoil have adversely affected economic growth" in Finland.

Nevertheless, the IMF expects the Finnish economy to cope fairly well in terms of other indicators. For example, it predicts that in 2009 Finland’s unemployment rate will rise to 7.2%, an increase of just 0.8% on last year.

The IMF report puts Finland’s inflation rate at 1.8% for 2009.

 

Source: YLE

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