New Country Reports market report from Business Monitor International: "Finland Business Forecast Report Q3 2013"
Boston, MA -- (SBWIRE) -- 05/30/2013 -- We are seeing growing indications that the Finnish government, increasingly concerned with the weak economic growth outlook, is preparing to loosen its self-imposed budget targets and adopt stimulatory measures such as reducing corporate taxes in an attempt to reignite economic activity. We believe such a development would prove positive for Finland's short-term political risk profile, improving cohesion in the policymaking process while also potentially providing a boost to growth prospects.
We believe that Finland's fiscal situation remains one of the most robust in Europe and do not expect it to suffer from a ratings downgrade in the near future, expecting it to remain one of just four remaining countries in the eurozone to be awarded AAA status from all three major ratings agencies.
Major Forecast Changes
In light of our expectations for weaker domestic demand in the first half of 2013, combined with deteriorating external demand across the course of the year, we have downgraded our growth forecasts for Finland. We now expect headline real GDP growth of 0.1% in 2013, from a previous forecast of 0.6%.
View Full Report Details and Table of Contents
Key Risks To Outlook
A deeper-than-anticipated eurozone recession represents a severe downside risk to our export forecasts for Finland. While we are already pencilling in a significant slowdown, a eurozone real GDP contraction of 1% or greater could severely impinge upon Finland's highly integrated export market, weighing heavily on Finland's real GDP growth in 2013 and beyond as a consequence.
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Country Reports research reports at Fast Market Research
You may also be interested in these related reports:
- Brazil Business Forecast Report Q3 2013
- Croatia Business Forecast Report Q3 2013
- Germany Business Forecast Report Q3 2013
- Philippines Business Forecast Report Q3 2013
- Chile Business Forecast Report Q3 2013
- Kuwait Business Forecast Report Q3 2013
- United States Business Forecast Report Q3 2013
- Bulgaria Business Forecast Report Q3 2013
- Malaysia Business Forecast Report Q3 2013
- Slovakia Business Forecast Report Q3 2013