Related
EU leaders back Greece while planning for its euro… 24/05/2012 05:34 CET
Greece gets mixed EU message 24/05/2012 12:13 CET
EU summit: Draghi calls for ‘courageous leap’ 24/05/2012 19:28 CET
Euro tumbles on German weakness 24/05/2012 20:05 CET
May Day: Greeks protest over austerity measures 01/05/2012 16:03 CET
The Bank of Finland has cut its economic growth forecast for the next two years and said the government must make “substantial” spending cuts and increase taxes.
It blames the eurozone debt crisis for reducing Finland’s exports and consumer spending.
In 2012 the central bank believes gross domestic product will expand by just 0.4 percent. Back in June its prediction was for growth of 2.6 percent.
It lowered its view for 2013 growth to 1.8 percent from 2.4 percent.
At the same time Denmark’s central bank cut its economic growth forecasts.
More about: Debt crisis, Euro in crisis, FinlandCopyright © 2012 euronews
JavaScript is required in order to view this article’s accompanying video
Top Stories
UN condemns Syrian government for Houla shelling
Protests have erupted across Syria after Friday’s massacre of at least 100 people, many of them children, in the town of Houla. With international…
IMF chief back-tracks over Greek tax-dodging
Greek and French politicians are making political capital out of remarks made by the IMF chief…
Haneke wins top prize as Cannes
This year’s jury president at Cannes, actor director Nanni Moretti announced the winner of…
latest economy news
EU-Argentina trade friction increases- Eurozone citizens back common currency
- Athens stock market plunges
- Euro tumbles on German weakness
- UK economy in worse state than feared
- Foreign investors shun Italy and Spain
- IMF tells Britain ‘must try harder’
- Eurozone is biggest threat to growth: OECD
- UK inflation eases
- Troika checks Portugal’s progress
euronews on facebook
