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Tue, 03 Mar, 2015 12:05:05 AM Long-term unemployment likely to reach 9.1% FTimes – STT Report, Mar 3  Aktia Bank plc, Chief Economist Anssi Rantala, presented an overview of economy future in Helsinki on Monday. Photo – Lehtikuva. After three years of decline the country's economic growth this year will remain modest with domestic product growing by only 0.3 per cent due to weak domestic demand and Russia's problems, according to the latest forecast by Aktia Bank.
The bank's assessment, on the other hand said Finland's economy will be boosted by weakening of the euro, drop in oil price and the European Central Bank stimulus programme.
The Finnish economy is forecast to grow by 1.4 percent next year. According to Aktia, exports by that time are expected to be much better and a more robust domestic demand is forecast.
Unemployment rate is forecast to grow to 9.1 percent, and it is expected to remain high for a long time.
Aktia expects the European Central Bank to keep its interest rates at the current level at least until the end of next year.
The Euribor rates, according to the forecast, are expected to remain at the current level throughout 2015 and 2016.
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