Rating agency S&P lowers outlook on Finland to negative from stable
The rating agency S&P has cut its outlook on Finland to negative from stable. The agency said it expects the Nordic country to experience below-average GDP growth. Finland’s economy is being weighed by a lack of competitiveness, declines in traditional industries, and a rapidly aging population, S&P said. The cep already highlighted last year in its Default Index the urgent need for action in Finland.