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2 clusters · 13 sources · 1 days · First seen · Last updated

Finland and Sweden economic forecasting and growth

Overview

Economic outlooks for Finland and Sweden have undergone significant shifts following criticisms of forecasting accuracy. Initially, a report from the Kalevi Sorsa Foundation criticized economic forecasting institutions in Finland, alleging that agencies failed to accurately predict GDP changes and economic cycles between 2011 and 2025. The report claimed that forecasts often relied on unverified data, noting that Nordea missed GDP targets by an average of 2.29 percentage points over the last decade.

Following these criticisms, recent forecasts for both nations have been revised upward. In Sweden, the National Institute of Economic Research raised its growth forecast to 2.4 percent, predicting a recession will subside by 2027. In Finland, economists from OP Pohjola predicted 2 percent growth for both the current and following year, an increase from previous estimates of 1 percent and 1.5 percent. This Finnish recovery is expected to be driven by exports, investments, and private consumption.

Entities

OP Pohjola · Statistics Finland · Riksbanken · Anders Borg · Bank of Finland

Timeline

  1. 8 days ago

    [BUSINESS] 6 sources
    Sweden and Finland economic growth forecasts revised upward

    Economic forecasts for Sweden and Finland show improved growth outlooks, with Sweden's KI raising growth projections and Finland's OP Pohjola predicting 2% growth for both this year and next.

  2. 8 days ago

    [BUSINESS] 8 sources
    Economic forecasting accuracy criticized in Finland and Sweden

    A report by the Kalevi Sorsa Foundation criticizes Finnish economic forecasting accuracy, while former Swedish Finance Minister Anders Borg warns of the economic risks posed by left-wing party policies.

Sources

aamuset.fi · bors-nliv.svd.se · bs-media.de · ehandel.se · immigration.ca · privataaffarer.se · realtid.se · sss.fi · svenska.yle.fi · talouselama.fi · timbro.se · wp.demokraatti.fi · y-lehti.fi