Positive Economic Growth of Finland in Q1

As shown in the advance data of the Statistics Finland, the Finnish economy was able to increase by 2.7 percent in the Q1 of 2017 versus the previous year. While the growth of its neighbor, Sweden during that period reached 2.2 percent.

Heidi Schauman, head economist of Aktia Bank, said that Finland became prevalent among various sectors as exports, household consumption and investment improved initially but no one knows how long it will last.

According to the national statistical institution, the exports volume in the first quarter expanded by five percent versus the past quarter as 2016 ends and the growth was roughly nine percent amid Q1 of the previous year. The figures for private consumption rose by 1.5 percent from January to March compared in the fourth quarter in the prior year. The agency further mentioned that investments surge by four percent last quarter and got nine percent in Q1 of 2016.