Ministry of Finance: Economic recovery is underway, debt burden to grow

THE FINNISH ECONOMY is starting a gradual recovery from the recession under the weight of a growing debt burden.

The Ministry of Finance on Thursday revealed that it expects the economy to expand by 1.6 per cent next year and by 1.5 per cent in both of the two following years, buoyed by the positive effects of decreasing interest rates on business investment and household consumption.