Finnish economy and its outlook Finland is a small open economy with a very good growth record in the long term. However, economic growth in Finland has now been slow for a prolonged period, both historically and by international comparison. Finnish exports have suffered a considerable loss of market share since 2009, the most severe year of the recession.
BIS central bankers’ speeches  3  According to the last Bank of Finland forecast Finland will not soon catch up with the recovery foreseen in the other euro area countries. Growth has been depressed by cyclical, sectoral and structural problems. The labour market situation has deteriorated rapidly during the past year.