The Finnish economy has reached full recovery in output and employment is well ahead of European peers. Thus, the Finnish economy will moderate over the year 2022. After the -2.9% GDP decrease in 2020 the GP grew by 3.5% in 2021. The estimated growth for 2022 is 2.4%. The Finnish economy has been considerably more resilience than predicted throughout 2021. Although, the COVID-19 transmissions have periodically elevated, the performance has exceeded expectations. Consumers will be the main driver of the short-term growth. Employment bounced back to pre-pandemic levels in mid-2021, well before the euro zone average. Through strong rebound in employment and plenty of job openings, the consumer confidence has improved. As the consumer confidence has improved, the retail performance has been strong over the past few quarters
Retail Property in Finland
Economic growth in Finland is expected to slow down more than the euro area in general and will temporarily fall below potenti al.
However, Finland ‘s economy is not significantly more dependent on Russia compared to many large European economies. The
most significant direct effect of the war is the decline in exports to Russia. The war will also hit other Finnish export mar ket s which
weakens the total export outlook. Finland’s economy is expected to grow 2% this year and 1.6% in 2023. Inflation in 2022 will be at
its highest since 1990 prices are estimated to increase by 5.7% in 2022. Despite the drop in the economic growth, due to the
strong post pandemic recovery the outlook for the Finnish economy remains moderate this and next year. (OP Group, Moody’s
Analytics)
Industrial Property in Finland
Economic growth in Finland is expected to slow down more than the euro area in general and will temporarily fall below potenti al.
However, Finland ‘s economy is not significantly more dependent on Russia compared to many large European economies. The
most significant direct effect of the war is the decline in exports to Russia. The war will also hit other Finnish export mar ket s which
weakens the total export outlook. Finland’s economy is expected to grow 2% this year and 1.6% in 2023. Inflation in 2022 will be at
its highest since 1990 prices are estimated to increase by 5.7% in 2022. Despite the drop in the economic growth, due to the
strong post pandemic recovery the outlook for the Finnish economy remains moderate this and next year. (OP Group, Moody’s
Analytics)
Office Space Helsinki
Economic growth in Finland is expected to slow down more than the euro area in general – and will temporarily fall below
potential. However, Finland ‘s economy is not significantly more dependent on Russia compared to many large European
economies. The most significant direct effect of the war is the decline in exports to Russia. The war will also hit other Finnish
export markets which weakens the total export outlook. Finland’s economy is expected to grow 2% this year and 1.6% in 2023.
Inflation in 2022 will be at its highest since 1990 – prices are estimated to increase by 5.7% in 2022. Despite the drop in the
economic growth, - due to the strong post-pandemic recovery - the outlook for the Finnish economy remains moderate this and
next year. (OP Group, Moody’s Analytics)
Commercial Real Estate Investment Market Finland
Economic growth in Finland is expected to slow down more than the euro area in general – and will temporarily fall below potential.
However, Finland ‘s economy is not significantly more dependent on Russia compared to many large European economies. The
most significant direct effect of the war is the decline in exports to Russia. The war will also hit other Finnish export markets which
weakens the total export outlook. Finland’s economy is expected to grow 2% this year and 1.6% in 2023. Inflation in 2022 will be at
its highest since 1990 – prices are estimated to increase by 5.7% in 2022. Despite the drop in the economic growth, - due to the
strong post-pandemic recovery - the outlook for the Finnish economy remains moderate this and next year. (OP Group, Moody’s
Analytics)
