Finland's economy saw a growth of 0.4% in the last quarter of the previous year compared to the third quarter, which was lower than initially expected. This growth was primarily driven by an increase in investments and consumption. For this year, there is optimism about a further economic revival, although Finland is growing much more slowly than other Nordic countries and the broader Eurozone. The country is anticipating a stronger resurgence as investments pick up and consumer spending stabilizes.

Despite these positive signs at the end of the year, Finland faces significant challenges. The increase in interest rates has severely affected Finnish households, impacting mortgage payments and contributing to high levels of personal debt. Economists warn that a downturn in the housing market, where home values might drop by 15%, could lead to a broader decline in consumer sentiment, negatively affecting internal demand and domestic tourism. Sectors like restaurants and hotels, which depend heavily on internal consumption, are already feeling the strain.

Additionally, Finland is grappling with a unique employment situation where both employment levels are high, but so is the unemployment rate. This paradox indicates that while there may be jobs available, they are not matching the skills of the workforce or the needs of the market. Analysts suggest that addressing these employment challenges, along with the financial burdens faced by households, will be crucial for achieving sustainable economic recovery in Finland over the coming years.