HELSINKI: European Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici holds a press conference to announce the European Commission’s Spring 2015 Economic Forecast, in Brussels, on May 5, 2015.
Finland is forecast to attain a modest economic growth of 0.3 per cent this year and 1.00 per cent in 2016, according to the European Commission Spring 2015 Economic Forecast.In February, the EU Commission expected 0.8 per cent growth in GDP this year and 1.4 per cent in 2016.Finland’s economic growth is the second lowest after that of Cyprus, according to the forecast.
The EU Commission upgraded its forecast in the Euro area. Europe’s economies are benefiting from many supporting factors at once. Oil prices remain relatively low, global growth is steady, the euro has continued to depreciate, and economic policies in the EU are supportive, said a release from the EC.
