Tag: Foreca
The Bank of Finland’s mid-term forecast: the economy is at rest
Despite the difficulties, the Finnish economy has endured so far, but not all the effects of rapid inflation and rising interest rates have been seen. In addition, the risks of the international economy have increased recently,” says Meri ObstbaumHead of forecasting at the Bank of Finland. In 2022, Finland’s economy grew by 2.1% thanks to […]
YLE: The price of food in Finland rose by more than 16% in February from a year ago
Food prices rose by 16.1 percent in November-December. The steepest annual increase in food prices was observed almost six decades ago, in 1964, when food prices rose by an average of 12 percent. In February, the prices of sugar, flour, butter and eggs rose by more than 30 percent from the previous year. The coffee […]
The German economy will stop in 2023
“When the gross national product contracted by another 0.2 percent in the first quarter, the economy will recover during the next year. Rising real wages from the middle of the year at the latest will support the German household, says ifo’s economist. Timo Wollmershäuser. Positive factors are the considerable increase in wages in collective agreements […]
No end to above-average inflation – Danmarks Nationalbank
Inflation will not return to normal next year, predicts a new Danmarks Nationalbank forecast. Last fall, its experts said they expected inflation to fall steadily in 2023 to the extent that in 2024 it would be little more than 1.7 percent — an estimate more or less in line with the so-called Vismænd (wise men’s), […]
Climate activist Greta Thunberg deletes her ‘end of the world’ tweet
Stockholm [Sweden]March 13 (ANI): Swedish climate activist Greta Thunberg has deleted a tweet she made in 2018 expressing concern that unless fossil fuels are phased out by 2023, climate change will “wipe out the entire human race,” Russia Today reported. In the post, Thunberg quoted a “leading climate scientist” who claimed that if we don’t […]
Not all things are equal in snow-ravaged, egalitarian Copenhagen
Calling all Copenhagen cyclists this morning – it’s mighty slick out there! In the capital, the conditions around Christiania, the cobbled Nordre Frihavnsgade, which leads to the Trianglen Metro station, Østerport Station and the whole (!) of Valby, were particularly below par. Many cyclists, without a dry path to steer on, were seen losing their […]
It’s a snowstorm, Hjørring!
Tomorrow may be a good day to work at home – especially if you live in northern Jutland, as high winds and heavy snowfall will most likely cause a blizzard in the region. In Aalborg, the snowfall is expected e.g. to start around 17.00 on Monday evening, but the wind strength will be modest until […]
Sweden’s GDP for the fourth quarter shrinks 0.9 percent ahead of expected recession in 2023
© Provided by Xinhua On an annual basis, Sweden’s GDP shrank for the fourth quarter by 0.9 percent and several banks predicted a recession in 2023. STOCKHOLM, Feb. 28 (Xinhua) — Sweden’s gross domestic product (GDP) decreased by 0.9 percent in the fourth quarter of 2022 compared to the third quarter, according to figures released […]
Electric car manufacturer Polestar will not participate in price wars, the loss for the fourth quarter is reduced
GOTHENBURG, Sweden: Electric vehicle maker Polestar said it would not engage in a price war, despite falling demand forcing some of its rivals to curb output, stressing it will maintain its 2023 production plan. It also announced a lower-than-expected quarterly loss. In 2023, Tesla sparked a price war, even as ongoing supply chain issues put […]
The Finnish economy is suffering from a technical recession and accelerating inflation
The financial consequences of the war in Ukraine have also affected the Finnish economy. From October to December 2022, the amount of Finnish exports decreased by 2.9 percent from the level of the previous quarter, while imports decreased by 2.4 percent. However, for the whole year, Finland’s economy grew by 2 percent compared to 2021. […]
Governor of the Riksbank Erik Thedéen: Further interest rate increases await
Erik Thedéen became head of the Riksbank at the turn of the year, in a situation with both high interest rates and negative growth. Since last May, the Riksbank has raised the key interest rate from 0 to 3 percentage points. The goal of the increases is to bring down inflation, which is currently at […]
Snow way! Winter is not quite finished with us yet
10 cm of snow!After the weekend, the wintry development will become even more pronounced with a low pressure system moving in on Tuesday or Wednesday. Forecasts suggest this could lead to significant snowfall (over 10 cm) nationwide. According to DMI, temperatures look set to stay just above freezing during the day throughout next week and […]
Xinhua World News Roundup at 0030 GMT, 25 February
LOS ANGELES – The powerful winter storm continued to batter the western US state of California on Friday, with heavy rain, snowfall and strong winds causing road closures, flooding, power outages and other damage. The cold and slow-moving storm is expected to wreak havoc on Saturday. An earlier storm that started in the western United […]
The mild winter causes fewer applications for electricity subsidies and tax deductions than expected
KELA published the electricity subsidy application form on January 7, 2023. During the first six weeks, only 1,449 households applied for support and only 324 received it. Especially in January, the number of positive decisions was low. “The most common reason for this has been that support has been applied for electricity consumption in 2022. […]
Storm Otto the strongest since the beginning of last year, but Copenhagen apartment building more resilient than suggested by BBC
Unfulfilled forecastsThe water level did not rise enough to threaten the Danish coasts, as was feared. “Along the north coast of Zealand there is a risk that the water level could rise by one metre,” warns Anders Brandt. DR‘s weatherman before the storm came. Fortunately, as TV2 reportedthe storm did not pose any major threat […]
Storm Otto the strongest since the beginning of last year, but Copenhagen apartment building more resilient than suggested by BBC
Unfulfilled forecastsThe water level did not rise enough to threaten the Danish coasts, as was feared. “Along the north coast of Zealand there is a risk that the water level could rise by one metre,” warns Anders Brandt. DR‘s weatherman before the storm came. Fortunately, as TV2 reportedthe storm did not pose any major threat […]
Recession gives rise to gambling addiction in Sweden, says government authority
STOCKHOLM, Feb. 20 (Xinhua) — There are signs that gambling addiction is becoming a growing problem in Sweden due to the recession, the Public Health Agency said on Monday. – There is a risk that more and more people will have a gambling problem and that the consequences (of their addiction) will become worse, says […]
The construction industry in Stockholm is hit hard by economic headwinds
STOCKHOLM, Feb. 17 (Xinhua) — Rising construction costs combined with interest rate hikes would worsen the housing shortage in the Swedish capital, while the construction industry expected an increase in the number of bankruptcies and layoffs, Swedish media reported Friday. – The housing shortage will worsen, says Stefan Westerberg, chief economist at the Stockholm Chamber […]
Apartment prices are falling and rents are rising: PTT
However, there are no signs of an imbalance in the housing market that could lead to a downward spiral or pose a risk to the economy. At the end of the year, the housing market is expected to recover, but the average prices of old apartment buildings will decrease by 2.5% throughout the country. “The […]
US dollar firms after strong retail sales
NEW YORK, Feb. 15 (Xinhua) — The U.S. dollar strengthened in late trade Wednesday after data showed U.S. retail sales rose in January. The dollar index, which measures the greenback against six major peers, rose 0.65 percent to 103.9080 in late trade. In late New York trading, the euro was down to US$1.0683 from US$1.0738 […]
The US dollar slips amid economic data
NEW YORK, Feb. 9 (Xinhua) — The U.S. dollar weakened in late trade on Thursday after data showed a rise in the number of U.S. jobless workers last week. The dollar index, which measures the greenback against six major peers, fell 0.18 percent to 103.2330. In late New York trading, the euro was up at […]
Base interest rates will increase by half a percentage point
It has just been announced that the monetary policy committee of the Central Bank of Iceland has decided to increase the key interest rate by 0.5 percentage point. Thus, they reached the level of 6.5%. In May 2021, they were 0.75 percent. This increase is in line with the forecasts of the bank’s analytics departments, […]
Icelandair canceled flights
All Icelandair flights from North America to Keflavík have been canceled due to the weather forecast. All morning flights to Europe were also cancelled, as well as arrivals from Europe in the afternoon. Icelandair’s announcement also states that flights to Tenerife and Las Palmas will be delayed but not cancelled. There will also be no […]
Another storm warning across the country
Heavy rains, warmth and strong to very strong southerly winds are blowing in the south and west of the country today. According to meteorologists, warm weather and sleet can cause rapid thaws, which increases the likelihood of avalanches, slush avalanches and landslides. Bad forecast for Tuesday When weather conditions can have a big impact on […]
Huge dividend for Ørsted and Novo Nordisk’s shareholders
The shareholders in Ørsted and Novo Nordisk have much to be happy about today, as both companies have decided to issue large dividends following the declaration of record profits. While Ørsted will split DKK 5.7 billion, Novo will distribute DKK 14.8 billion – not bad for shareholders who split DKK 7.5 billion in August last […]
The war in Ukraine had a large impact on immigration to Finland
“Russia’s attack on Ukraine affected immigration to Finland in many ways. In addition to temporary protection, its effect was seen, for example, in the number of experts and seasonal workers,” said the CEO. Ilkka Haahtela. Temporary protection mechanism activated for the first time Finland grants temporary protection to those fleeing Ukraine as a result of […]
Snow, dangerous driving is forecast for Monday
More than 20 centimeters of snow can fall in some places in Finland. In addition to difficult driving conditions, the sea and the coast have strong winds and high waves.
Yellow weather alerts are in effect across the country
Yellow weather alerts are currently in effect for almost the entire country, which the Icelandic Meteorological Office forecasts do not herald good weather. Alerts will be in effect today and tomorrow. A weather warning is in effect for Strandir and the north-west and north-east until tonight. South to southwest winds of 15 to 25 are […]
Hypo: Finland is going into recession
The Finnish economy will shrink by 1 percent this year, according to the Hypoteekkiyhdis’s forecast.
Weather forecast for the whole country for the coming day
The weather will change overnight. A yellow weather alert will be in effect across the country. Wind direction north-east 5-13 m/s and partly cloudy. In the north and north-east snowfall in the first part of the day. Negative temperatures from -3 to -15 degrees. In the evening there will be stronger south and south-east winds, […]
Warm weather brings rain showers, slippery conditions in parts of Finland
Showers are also possible. Although temperatures are then expected to drop, the drop is not significant. A private weather forecasting company expects the mercury to drop to around -5°C early on Saturday, Christmas Eve. The Finnish Environment Agency (Syke) warned last Friday that the increased temperatures increase the risk of flooding and urged people to […]
Frost and snowstorms are coming. There is hope for a white Christmas
It will be very cold across the country today and according to weather forecasts, the temperature will range from -7 to -14 degrees. In the north-east, the temperature can drop to -20 degrees. According to the Icelandic Meteorological Office’s website, winds of three to ten meters per second are expected, the day will be cloudless […]
BoF: Finland’s economy is sinking into recession
Although according to the economic forecast of the Bank of Finland, the Finnish economy will grow by 1.9 percent for the whole year 2022, it warned of a slight recession, in which the GDP will shrink by 0.5 percent.
US dollar firms after the Fed’s policy announcement
NEW YORK, Dec. 15 (Xinhua) — The U.S. dollar strengthened in late trade on Thursday, driven by hawkish messages from the Federal Reserve. The Fed on Wednesday raised interest rates by 50 basis points and set the target range for the federal funds rate at 4.25 percent to 4.5 percent, the highest level in 15 […]
OP: Housing prices in Finland are clearly falling, but will avoid a collapse
Outside the capital region, prices are expected to fall by 3.5–5.5 percent. “The turnaround in the property marker has been quick and the clear downward trend will continue at least until the beginning of next year. It is possible that the situation will not deteriorate again at the end of next year, if the uncertainty […]
Frost is coming. They are considering closing the pools
By the end of the week, frost is forecast across the country, which may affect the operation of swimming pools in the country. As a result, Veitur officials are considering temporarily closing the Vesturbæjarlaug, Sundhöll Reykjavíkur, Dalslaug, Suðurbæjarlaug and Ásvallaug swimming pools. The reason is the weather and challenges in hot water distribution. If that […]
Snowfall in the capital region will subside temporarily, the forecast promises
“The temperature is 10-15 degrees below zero [on Wednesday morning]. They can rise to eight degrees during the day. The winds no longer add to the cold, he commented. However, the break from the snow is only temporary. Abundant snowfall is predicted to return to the capital region and other areas of the south coast […]
Fewer people are buying their first property
According to Landsbanki’s economic forecasts, the percentage of first-time buyers has fallen in recent months. The number of new indexed loans is increasing and the majority of all home loan defaults, regardless of the lender, are unindexed. Rising home prices, higher interest rates and tighter credit conditions make it harder for people to enter the […]
Sweden is facing the worst economic downturn in the EU – Bloomberg
The nation’s real estate market has collapsed amid slowing consumption A sharp slump in Sweden’s real estate sector threatens to deepen a looming economic crisis in the Nordic region’s largest economy, Bloomberg reported on Monday. The store warned that the country’s real estate market, after almost twenty years of stable growth, is undergoing “a dramatic […]
Sweden is facing the worst economic downturn in the EU Bloomberg
The nation’s real estate market has collapsed amid slowing consumption A sharp slump in Sweden’s real estate sector threatens to deepen a looming economic crisis in the Nordic region’s largest economy, Bloomberg reported on Monday. The outlet warned that after nearly twenty years of steady growth, the country’s property market is undergoing “a dramatic change”. […]
It’s time to break out the winter coats in Southern Finland as well
“A very strong stormy low pressure system will arrive from the Baltic on Monday. It strengthens the northeast wind already during the day in the southern and central parts of the country. Combined with 10 degrees below zero, it makes the weather feel very cold. It easily corresponds to -20 degrees, he comment for the […]
The ice-breaking season begins; the temperature drops to -30 degrees
The icebreaker Otso is on its way from Helsinki to southwestern Lapland, where cold weather is forecast for the next few days.
Stop in Stockholm train traffic
There is a stop to train traffic in the Stockholm area. The stop must be due to problems with telecommunications at the Swedish Transport Administration There is currently no forecast for when traffic will resume.
Reykjavik City Council approved the budget
Last night, the City Council overwhelmingly approved the new budget. The communiqué stated that the budget plan takes into account the new macroeconomic forecast of the Central Statistical Office and assumes further development of the city and full financing of basic services, but also limiting other operations. A new financial policy and budget for the […]
A snowy week at the store, but favorable for the energy grid: Windy, moderate heat
This week’s weather forecast allays fears about the need for rolling blackouts in the near future.
White Christmas looks as likely as France winning the World Cup… so pretty good odds!
Denmark has a 20 percent chance of having a white Christmas, TV2’s barometer shows. It is more or less the same probability as France lifting the World Cup. So if you don’t bet against Mbappe, you can’t write off that it will be fast. Hear London: A white Christmas must be served!The rules for what […]
Snowfall is expected in all of Finland
Some areas may get 20, even 30 centimeters of snow. Heikki SinisaloMeteorologist of the Meteorological Institute, told Helsingin sanomat newspaper. Today, snow is forecast in Northern Finland. More snow is expected in the southern regions early on Tuesday. A winter system is set to track east, while another will come from the south, covering a […]
Business Round-Up: International students contribute far more than they take, study claims
Denmark benefits financially from foreign students, shows a major analysis carried out by Damvad Analytics on behalf of the Swedish Engineers’ Association. Together, they contributed DKK 26.7 billion to the nation’s coffers between 2007 and 2020, with technical and natural science courses, such as engineering, accounting for DKK 12 billion. Over the same 13-year period, […]
The extension of the metro enables better services and increases Espoo’s vitality
– We are not only building the metro, but also everything that it enables, says the mayor of Espoo Jukka Mäkelä. Mäkelä mentions the European Innovation Capital award (iCapital) as an example of the opportunities offered by the metro. The city of Espoo is one of the finalists in this year’s competition, along with Marseille […]
HS: Experts confirm that a fall in housing prices is likely in 2023
Ilkka LehtinenA retired actuary from Statistics Finland told Helsingin Sanomat that the forecast may be too cautious. According to him, the sale of apartments in old housing associations increased by 49,000 units in the first three quarters of the year, which corresponds to the level of 2019, but was approximately 14,000 sales less than the […]
The EU nation’s decline in the real estate market is deepening
Skyrocketing electricity costs have pushed Sweden’s house prices lower Sweden’s housing price decline accelerated in October, with the Nordic country gripped by the most severe housing slump in three decades, Bloomberg reported on Monday, citing industry data. House prices in the country fell by about 14% from a peak earlier this year, according to Valueguard, […]
The EU nation’s decline in the real estate market is deepening
Skyrocketing electricity costs have pushed Sweden’s house prices lower Sweden’s housing price decline accelerated in October, with the Nordic country gripped by the most severe housing slump in three decades, Bloomberg reported on Monday, citing industry data. House prices in the country fell by about 14% from a peak earlier this year, according to Valueguard, […]
The snow will probably hit Denmark this weekend
Denmark always gets its dramatic weather stories from TV2. The broadcaster is Denmark’s answer to the Daily Express and Fox News (“Tornado to hit Washington DC on January 5, 2021 was one of its more accurate forecasts). On wind-related questions, TV2 tends to be quite broad, but when it comes to snow, it’s usually on […]
The quick assessment raises concerns about a recession in Finland
Adjusted production in April-June grew by 1.7 percent from the previous quarter. The estimate raised concerns among many economists that the contraction of the national economy will continue in the fourth quarter and thereby slide into recession. The technical definition of a recession is negative GDP growth for two consecutive quarters. “That’s how it starts, […]
Meteorologists predict that the weather will turn
According to the forecasts, it will be very cold in Finland this week.
Risk of landslides in the south-east and in the Austfirðir region
There has been a lot of rain in the Southeast and Austfirðir over the past week. Groundwater levels are high in many places and as heavy rainfall is still forecast, there may be an increased risk of landslides. The risk in Austfirðir is mainly on the south side. Although there has been little rain in […]
Employment growth will continue, but will slow down in Finland, the ministry predicts
At the same time, TE offices see a decrease in the number of registered job seekers. One factor influencing the labor market situation is the integration of refugees from Ukraine, according to the Ministry of Economy and Labour. Refugees will start to be included in the official employment and unemployment statistics from next year, when […]
Sweden’s largest nuclear reactor pulled out of operation due to turbine stoppage
STOCKHOLM, Nov. 9 (Xinhua) — Sweden’s largest nuclear reactor has been taken offline after a turbine shutdown, which experts warn could lead to power supply problems. Reactor 3 at the Oskarshamn nuclear power plant was disconnected from the grid on Wednesday, according to local media. “We are troubleshooting and do not yet have a forecast […]
Energy prices are falling: bills have halved since August
Between August and October, the electricity price fell by two-thirds on Nord Pool, the Nordic electricity exchange. This meant that the average household bill for October was less than half of August – falling from DKK 1,900 to DKK 900 – the lowest expenditure since May. However, Denmark is not out of the woods yet, […]
Sweden’s GDP forecast is adjusted downward for next year
STOCKHOLM, Nov. 7 (Xinhua) — Nordea, one of the largest banks in the Nordics, has sharply lowered its forecast for Sweden’s gross domestic product (GDP) for 2023 to minus 1.8 percent from minus 0.5 percent two months ago in Economic overview. Weaker domestic developments, dramatically tightened financial conditions with higher interest rates and inflation eating […]
Yellow alert for South-East
The Icelandic Meteorological Agency reports an impending storm and has therefore issued a yellow weather alert for the south-east of the country. The alert comes into effect on Wednesday from 6 a.m. and will be valid until 4 p.m. The weather forecast predicts strong and gusty winds, gusts of which will reach 25 -35 m […]
Economists welcome the working group’s proposal, but doubt political commitment
Although the principles are commendable, they would require the kind of political commitment that is not necessarily possible in the current situation, economists assessed in a panel discussion organized by the Ministry of Finance on Wednesday. Päivi PuontiETLA Taloustikkumas’ forecasting director emphasized that decision-makers should understand that responsible management of public finances is not an […]
The Ministry of Finance demands action to stop the weakening of the credibility of fiscal policy
Helsingin Sanomat on Wednesday reported that the rules would prevent policymakers from allocating significant sums to new projects based solely on economic growth, employment, or increased tax revenues—without cutting public spending at the same time. “If there is a surplus due to the good economic situation, it should primarily be used for debt repayments,” Niemelä […]
Inflation and interest rates slow down construction and threaten jobs
“The views of construction companies are currently close to the levels during the financial and coronavirus crisis, both in terms of the economic situation and the outlook,” the release states. its financial review. “Production in the construction industry will decrease in the coming months. The pessimistic production expectations are also reflected in the industry’s employment. […]
Efling demands a PLN 167,000 increase in all salaries ISK in three years
Efling provided the Confederation of Employers with a document with demands for upcoming collective bargaining, which includes, inter alia, an increase of 167 thousand. ISK for all monthly salaries during the three-year contract period. “The increase will be applied equally to all wages. It will increase the purchasing power of those wages that are currently […]
Recession next year – the finance minister on the economic situation
Finance Minister Elisabeth Svantesson (M) holds a press conference on Monday morning. During the press conference, the Ministry of Finance’s latest forecast on the economic situation will be presented. Listen to Ekot’s live broadcast with Swedish Radio’s economic commentator Kristian Åström.
Approximately 2.3 million tourists may visit Iceland next year
The Icelandic Tourist Agency predicts that approximately 1.7 million foreign tourists will pass through the Keflavik airport this year. Next year, their number is expected to grow by 600,000, reports ruv.is. Dr. Gunnar Haraldsson, of the consulting firm Intellecta, worked on developing a forecasting system for foreign tourists in Iceland. The project started in the […]
The Governor of the Bank of Finland warns of a serious economic disruption
Stagflation refers to slow economic growth and high unemployment as well as constantly rising consumer prices. In September, the ECB estimated that the euro area economy could contract by 0.9 percent in 2023 if Russia stops selling natural gas and oil transported by sea to Europe and Europe does not find alternative sources of supply. […]
The Tidö agreement, SD’s recruitment plan, party congress in China
This is how the Sweden Democrats recruit their top forces After the election, a series of new political posts will be appointed – political officials, press secretaries, state secretaries and not least all posts in regions and municipalities. And there it can often be difficult to find people with political experience. How much does a […]
The wind in the northeast is starting to weaken. Still orange alert to the east
A meteorologist from the Icelandic Meteorological Office says the warnings issued in anticipation of yesterday’s storm have paid off. In most of the country the wind starts to ease, in the east the storm will last until Monday morning. “The forecast turned out to be good, the northeast wind peaked in the afternoon. We expect […]
The storm will worsen
The national police commissioner, in liaison with police chiefs across the country, announced the level of threat to public safety in North East and East Iceland and the level of uncertainty in the Westfjords, Northwest and South Iceland regions. This is due to the weather forecast for tomorrow, where there are weather warnings across the […]
The Finnish government responds to the interpellation regarding energy policy
“We are facing an energy crisis, and you, the government, are not on top of the situation.” Riikka PurraChairman of Basic Finns, According to Helsingin Sanomat. Purra criticizes the government in particular for building its energy policy on wind power: “I wonder if the vision is that every night employees should look at the wind […]
Yellow Northwest weather alert
In the northwest and in the Strandir County, the Yellow Weather Warning applies. The alert was issued due to heavy rains and strong gusty winds. Inhabitants can expect water levels to rise in rivers and there is an increased risk of landslides and rocks in the area. As per the weather forecasts provided on the […]
Finland’s economic forecasts for 2023
From slot games to sports and a lively music scene, the choice is endless. Everyone who calls Finland home knows that this is only possible thanks to the country’s traditionally stable economy. However, recent times have brought murky waters to Finland’s economic prospects – but what can be in store for the year 2023? The […]
Business Round-Up: House prices will fall
Reject across the board?For areas such as northern Jutland and Bornholm, the picture is a little less dramatic. House prices will fall by 3.3 percent and 3.7 percent respectively in 2023. Last week, Danmarks Nationalbank also predicted “significant price drops” in the Danish housing market with almost identical figures to Nykredit. Last week, Handelsbanken also […]
Forecast: Finland must increase annual migration gains from 15,000 to 35,000 by 2040
Expert Rasmus Aro said that Finland should increase its relative net income from immigration to Sweden’s level by 2040. “According to Finland’s internationalization scenario, immigration gains from abroad in relation to the population would increase to Sweden’s current level by 2040. It would require that emigration profits from abroad increase from the current 15,000 to […]
Swedish power grid: In the worst case, we disconnect the electricity
This winter, Sweden will have to import electricity more days than normal winters, from 39 hours in a normal winter to upwards of 150 hours, according to Svenska kraftnät’s calculations. At the same time, the possibilities to import electricity have deteriorated, among other things as a result of the war in Ukraine. And if it […]
Energy crisis: inflation, recession, loss of welfare
For the current year, institutions are halving their spring forecast. For the coming year, they lower their forecast from 3.1 percent to -0.4 percent. This revision mainly reflects the extent of the energy crisis. For example, the combined economic output of 2022 and 2023 should be 160 billion euros lower than expected in the spring. […]
Forecast: The rise in food prices will intensify towards the end of 2022
Food prices are predicted to rise by an average of 11 percent in 2022. “The increases will peak in the coming months, when we will see months when inflation is up to 15-20 percent. Food is a significant driver of general inflation, along with energy and interest rates. told Sari Forsman-HuggResearch director of PTT. “This […]
Nordea’s forecast: Finland’s economic growth will stop in 2023
Even though Finland has a hard winter, thanks to its transition to clean energy, it is in a better situation than many other European countries, the bank said.
6.2 million passengers at Keflavík Airport according to a new forecast
Isavia’s updated passenger forecast for 2022 assumes that as many as 6.2 million passengers will pass through Keflavík Airport this year. That’s half a million more than expected in May. “Despite faster-than-expected passenger growth, airport personnel have managed to keep passenger services running smoothly this season.” – we read in the press release […] Article […]
OP: Finland will sink into a mild recession in 2023
Reijo HeiskanenOP Financial Group’s chief economist saw that the recent improvements in the economic situation, employment situation and business performance will gradually level off, leading to a situation that meets the criteria of a “mild recession” in 2023. “In Finland, both companies and households are overall in a good economic situation, which not only makes […]
Business Round-Up: House prices will fall, economists predict
Data from Boligsiden reveals that the price of villas and townhouses fell by 1 percent in July due to high inflation, while the price of apartments fell by 1.5 percent. Economists expect further declines in autumn and winter. When seasonally adjusted, this is the biggest decline in more than a decade. According to Jeppe Juul […]
OP forecast: Finland’s economy will grow this year, then a slight recession
Finland’s economy is predicted to collapse next year as the recent economic boom gradually fades, estimates the finance group’s chief economist.
The EU nation lowers its growth outlook for 2023
Rising inflation is expected to put a damper on the Swedish economy Swedish authorities have lowered the country’s economic growth outlook for next year citing rising inflation, Finance Minister Mikael Damberg said on Thursday. Stockholm raised its forecast for economic growth to 2.3% in 2022 from a June prediction of 1.9%, but cut the outlook […]
Heavy rain … black rain … a whole lot is going to fall this afternoon!
It is extremely likely to rain today in your area. And it gets pretty dark. So it could be both ‘Hard Rain’, a mostly forgotten thriller from 1998 starring Christian Slater, and ‘Black Rain’, an ‘equally erased from our collective minds’ from 1989 with Michael Douglas. Really, it’s better to stay in bed. Random terrorizing […]
Yle’s meteorologist: High temperatures and thunderstorms are expected in Finland this weekend
Warm weather, temperatures of up to 30 degrees, can be expected in Finland this coming weekend. However, according to Ylen Meteorologist Joonas Koskelathere are also heavy showers and thunderstorms on the horizon. "Tomorrow, Friday, the rains and thunderstorms will move from Western Finland through Northern Ostrobothnia to Southern Lapland. It is too early to tell […]
THL: Finns are gaining weight, diabetes is becoming more common
According to the Finnish Institute of Health and Welfare (THL), the risk factors for several common diseases have decreased in people living in Finland over the course of 20 years. But obesity remains a major concern. The number of obese people in the country is predicted to increase in the future, according to a study […]
Wednesday’s papers: Russia’s travel tent, Sanna Marini’s appeal and the thunder of the heat wave
Finland’s decision to significantly reduce the number of tourist visas granted to Russian citizens has caused confusion on the streets of St. Petersburg. Hufvudstadsbladet. Residents of the city told the Swedish-language daily that they found it difficult to understand why the war in Ukraine limited the ability of civilians to travel. HBL met a middle-class […]
Inflation in Finland is almost 8 percent in July
The general price level in Finland rose by 7.8 percent year-on-year in July. The last time Finland’s inflation was at the same level was in the 1980s. The latest increase follows a general inflationary trend that is being accelerated by the lasting economic effects of Russia’s invasion of Ukraine. On Monday, Statistics Finland published July’s […]
Warm weather will sweep the whole of Finland from Monday
Warm summer weather is forecast for many parts of Finland from Monday, and temperatures will rise to 30 degrees in the southern parts. According to Ylen Meteorologist Joonas Koskelaat the beginning of the week, warm air flows from the south into Northern Finland, which spreads to Oulu or even further north. Koskela said that on […]
The Perseid meteor shower can be seen in the Finnish sky
The Perseid meteor shower – an annual celestial event that can produce up to 70 shooting stars per hour – can be seen in the Finnish sky on Friday evening and Saturday morning. "This year the weather forecast looks pretty good, with clear skies between Friday and Saturday night. You should hit the field as […]
HS: Three Finnish electricity suppliers have given up due to high prices – more may come
“There is no predictability or visibility in the electricity market. So it’s better to pack it in before the risks grow as big as they are predicted to be next winter. Otto SavastiCEO of Lumo Energia, explained For YLE in July. The company grew rapidly between 2018 and 2021. Its turnover increased from 9.9 million […]
Macron says five more EU countries will help France fight forest fires
As French officials warned Thursday that flare-ups could cause a massive wildfire to spread further in the country’s parched southwest, President Emmanuel Macron tweeted that five more European allies were helping firefighters battling eight major wildfires across the country. Prime Minister Elisabeth Borne will meet authorities fighting Landiras blaze south of Bordeaux, and further reinforcements […]
Good conditions for hiking the volcano
The activity of the volcano in Medardalur does not change, attracting hundreds of tourists every day. After a few days of bad weather, the eruption trail was opened yesterday and it was immediately filled with tourists. Today the weather forecast is good and encouraging to wander. However, rain can be expected in the evening. Hulda […]
Forest fires rage out of control in southwestern France
TEHRAN (Tasnim) – Over 10,000 residents have been forced to evacuate their homes in the Gironde region around Bordeaux, as fires tear through the countryside and have been left parched by weeks of record heat and drought. – World News – More than 1,000 firefighters backed by water-bombing aircraft battled a “monster” wildfire near France’s […]
Sweden lowers next year’s growth forecast amid record inflation
© Provided by Xinhua Record high energy prices this coming winter, rising interest rates and inflation approaching 10 percent will hit the purchasing power of Swedish households, leading to lower business sales and a sharp slowdown in economic growth, the institute stated in its latest economic forecast on Wednesday. STOCKHOLM, Aug. 10 (Xinhua) — The […]
Never mind summer days, we have a whole week of 25+ degrees ahead!
Despite the heat wave in the Sahara that hit Denmark in mid-July and set an all-time heat record for the month, when temperatures reached 35.9 in Lolland and burned most of our lawns in the process, according to DR, this summer has been disappointing. According to its figures, there have been only 19 summer days […]
Access to the volcano was closed
Due to very difficult weather conditions, a decision was made to further close access to the eruption in Medardalur. According to weather forecasts, very bad weather is expected in the southwest of the country. The area was closed already on Sunday at 5am, reports the website of the police chief from Suðurnes. Due to the […]
