MuniFin Green Finance and Liquidity Portfolio Evaluation
MuniFin
Copyright Muni Fin
8
Economic outlook of Finland
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Strong Nordic Sovereign - Rated Aa1/AA+/AA+
(Stable/Stable/Positive)
Leading in R&D and top of the world in education,
strong export sector. Happiest country in the world.
Due to the Covid-19 outbreak, the Finnish GDP is
projected to have declined by -3.3 % in 2020. Early
containment measures and diversified industrial
base mitigated the economic impact of the epidemic
GDP growth will resume this year driven by private
consumption and is projected to be 2.5 %
Unemployment has risen relatively moderately as
firms have benefitted from temporary lay-offs to
protect their long-term productive capacity
1,5
1,1
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Comparably low debt/GDP - even after the
unavoidable rise in debt due to the Covid-19 crisis
Sources: Economic Survey, Winter 2020, Ministry of Finance, United Nations World
Happiness Report (2018, 2019), Statistics Finland
GDP Change (%)
2,5
2,0
1.4
(3,3)
2018
2019
2020F
2021F
2022F
2023F
- Unemployment rate (%)
Inflation (%)
7,4
6,7
40
7,8
8,0
7,6
7,2
1,1
1,0
1,0
1,4
1,6
0,3
2018
2019
2020F
2021F
2022F
2023F
General Gov Debt / GDP (%)
General Gov Deficit / GDP (%)
6,1
5,2
3,3
33
2,6
0,9
1
69
71,4
72,5
73,6
59,6
59,3
2018
2019
2020F
2021F
2022F
2023FView entire presentation