The Finnish economy experienced a significant cooling in growth as the Gross Domestic Product (GDP) growth rate decelerated to 0.9% in December 2024, according to recently updated data as of February 14, 2025. This marks a noticeable decline from November's year-over-year growth rate of 1.5%.
The latest numbers indicate a tapering momentum in the Finnish economy as it entered the final month of 2024, with December's figure comparing the growth rate to December of the previous year (2023). November's data, meanwhile, compared the growth with the same month the year before. Both months demonstrate efforts to bolster economic activities amid global uncertainties, compounded by domestic challenges such as inflationary pressures and energy supply issues.
Economists and policymakers will likely continue to monitor these developments closely as Finland navigates through 2025, aiming to balance growth with stability. The recent data update underscores the importance of strategic fiscal policies to stimulate economic resilience as Finland faces a complex global economic landscape.
