File Photo – Lehtikuva.
The GDP will grow by 1.2 per cent in 2016, according to the latest economic outlook by Danske Bank.
The pace of economic growth is now expected to be 1.3 per cent next year.
The outlook has improved by 0.5 per cent from the beginning of the year.
A faster growth than expected and the emergence of the competitive agreement have been attributed for the improved forecast. The competitive agreement is expected to have a positive effect on employment and exports.
The unemployment rate has dropped from last year’s peak of 9.4 per cent to stand at 9.1 per cent in April.
