OP-Pohjola Group's Economic Barometer Review: Finland's Economic Outlook More Favourable
(Thomson Reuters ONE) -
The global economy has continued its recovery, albeit unevenly by region. The
waning effects on growth arising from temporary stimulus packages and inventory
replenishment have recently added uncertainty to the world economy.
Nevertheless, a renewed global economic recession is not the most probable
direction.
Monetary policy will remain very easy in support of growth in the euro area. The
European Central Bank (ECB) is anticipated to raise its benchmark interest rate
in the second half of 2011 at the earliest. The ECB aims to support financial
market stability by continuing to take exceptional measures in order to
safeguard liquidity. Market rates will continue to remain at historically very
low level.
Finnish economic growth has strengthened since the spring, spurred by export
revival, higher household spending and increasing housing spending. The annual
GDP growth rate for this and next year is forecast to stand at over 2.5%, which
is higher than estimated earlier. Accelerating economic growth will improve
employment and the unemployment rate is expected to drop to below 8% in 2011.
Further information: economists Timo Hirvonen (tel. +358 10 252 8515) and Jorma
Vanninen (tel. +358 10 252 2950)
[HUG#1441176]
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Source: Pohjola Pankki Oyj via Thomson Reuters ONE
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Datum: 30.08.2010 - 08:01 Uhr
Sprache: Deutsch
News-ID 40458
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