Newsec Property Outlook


Finnish Newsec Property Outlook Spring 2018

The Finnish economy was strong all through 2017 and according to forecasts by several financial institutions and the Minis­try of Finance, GDP growth will be around three percent. Although 2018 also looks promising, it is estimated that growth will slow down to approximately 2.5% and to 2% in 2019. Despite the projected continu­ing growth in the world economy and im­proved prospects in the eurozone in par­ticular, the largest factor hindering growth in Finland is the weak growth in private consumer demand caused by wage develop­ment. Other factors impacting our econo­my, such as economic growth in our most significant export countries and improved employment and work productivity, will continue to develop in accordance with the forecasts in 2018 and 2019. Construction will also remain active in growth centres.