Bank of Finland predicts weaker economic outlook


The latest edition of the Bank of Finland's Euro & talous journal, published today (June 14), forecasts a slowdown in Finnish GDP growth from 2.9% in 2011 to 1.5% in 2012.

Speaking at the press briefing for the journal's release, Bank of Finland governor Erkki Liikanen said that based on the uncertain external environment, "downside risks to the forecast are substantial".

The journal also warns of an increase in the Finnish current account deficit, which "increases the external financial risks

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