The third quarter was also slightly better than had been projected, according to preliminary data released by Statistics Finland last week. According to the Bank of Finland's September interim forecast, the Finnish economy will grow by 2.2% this year, but will then contract by 0.3% in 2023.
Finland is better prepared for the current type of energy crisis than many other countries in the euro area, but the significant slowing of growth in the euro area economy due to the energy crisis is also casting a shadow over the outlook for the Finnish economy. [Slide 12. Employment has developed favourable in Finland 2016–2022] Employment in Finland has developed positively since 2016.