The ministry cut its 2024 gross domestic product (GDP) forecast to -0.2% from the 0% it had estimated in June, while raising its 2025 projection to 1.7% growth from 1.6%.
The Finnish central bank last week said the recovery was slow and estimated GDP to contract by 0.5% in 2024 and grow by 1.1% in 2025.
The government’s fiscal budget deficit is expected to grow to 3.7% of gross domestic product in 2024 from 2.9% in 2023, the ministry projected.
It also revised its 2025 deficit forecast 3.2% of GDP from 3.1% seen in June.
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