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Home BUSINESSOP sees slight improvement in GDP growth
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Wed, 27 Jan, 2016 12:01:17 AM
FTimes – STT Report, Jan 27
 
File Photo Lehtikuva.
OP Financial Group economists in a forecast said the country’s gross domestic product will see a 0.8 per cent growth in an economy that will still remain fragile in 2016. 
 
The situation of exports will remain weak, and the expected 0.8 per cent GDP growth is based almost entirely around domestic demands.
 
The economy is expected to begin a proper recovery next year, when exports will also increase.
 
Next year, OP Bank anticipates a 1.6 per cent growth, when exports will rise, and the domestic market will continue its growth.
 
Inflation will remain close to zero this year, and no major changes in unemployment are seen. 
 
The unemployment rate was 9.4 per cent last year, and in 2017, it will decrease to a flat 9 per cent, said the OP forecast.
 
The global economy this year will also inch ahead. Growth is expected to be just a little more than last year, especially in consumer and service areas.
 
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