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国际英语新闻:Finland's economy expected to turn to grow this year

2009-09-13来源:和谐英语
HELSINKI, Sept. 12 (Xinhua) -- The result of a new survey gathering a number of Finnish economists' opinions showed that the recession in Finland will end and the Finnish economy is believed to start to recover before the end of this year, the Finnish Broadcasting Company reported on Saturday.

    According to the survey result, eight of ten economists interviewed by the Finnish Broadcasting Company felt that an upward trend of Finland's economy would appear during this year, probably in the fourth quarter.

    The economists made the optimistic forecast assuming that Finland's export will benefit from euro zone's favorable situation, when German and French national output has turned to grow during the second quarter.

    Besides that, the economists in Finland have also seen signs of recovery in increased activity in the retail sector and more orders coming in to the industrial sector.

    According to these experts, however, there is still a great deal of uncertainty. The growth in unemployment will prevent households from consumption spending, and demand for Finnish exports will only pick up when global business investment needs strengthen.

    Although growth seems to have appeared on the horizon, the unemployment picture will remain gloomy next year, as Finland's domestic service sector will react more slowly to the change in economic direction.

    The experts said that the unemployment rate in Finland will surpass ten percent during next year. Currently the jobless rate in the country is near nine percent.