Finland faces short recession in 2023

Helsinki, Sep 15 : Finland's economy is expected to contract by 0.3 per cent this year and to grow by 0.8 per cent in 2024, non-profit institute ETLA Economic Research said in a survey. The country's economy is projected to contract this year because investments decrease and inventories are unloaded, but also because private consumption decreases, Xinhua news agency quoted the survey as saying. Housing construction and public investments will shrink sharply, while public consumption will increase, it added. ETLA Managing Director Aki Kangasharju called for a greater emphasis on immigration and improvements in productivity. He emphasised the need for proper incentives in the green energy sector and noted that while the Finland's employment level is already high, a significant portion of the jobs is part-time, and this does not generate significant tax revenue. Finland's exports are expected to decline by 0.3 per cent this year. Imports will decrease more than that (-3.4 per cent), so net exports will support economic growth in the period ahead. "The positive development in the global economy is primarily coming from developing countries, with China displaying a growth rate of 4.5 per cent. However, in Finland's key export markets, such as Sweden and Germany, we expect negative growth this year," said Paivi Puoti, ETLA's head of forecasting. /IANS


UP tops in pisciculture, to be awarded next week
Lucknow, Nov 19 : Uttar Pradesh has emerged as the best Indian state in terms of inland pisciculture. The state will be awarded by the Union minist

Market expected to maintain positive momentum
New Delhi, Nov 19 : Market is expected to maintain its positive momentum in the short term, supported by declining oil prices and moderating US yields

=?UTF 8?Q?Startups_to_play_key_ro?= =?UTF 8?Q?le_in_India’s_journey?= =?UTF 8?Q?_to_become_3rd_largest_economy _CEA_Nageswaran?
Thiruvananthapuram, Nov 18 : V. Anantha Nageswaran, the Chief Economic Advisor (CEA) to Government of India, said on Saturday that startups will play