28.09.15

Rating agency S&P lowers outlook on Finland to negative from stable

cep already last year stressed the urgent need for action in Finland

Finland's finance minister Stubb faces bleak economic picture

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.