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Economic growth showing signs of slowing, forecast uncertainty increasing

10 December 2018

Over the course of the autumn, there have been additional indications suggesting that economic growth will slow down next year. While the global economic growth outlook is still good, negative surprises are more likely due to increasing uncertainty. The price of oil has fallen since early October with stocks building up as a result of weaker-than-expected demand, which at the same time is a signal of dampened economic growth.

We have continued to reduce the investment portfolio’s market sensitivity, which, according to our insight, is warranted in the current environment.

 

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"We see the Finland of the future as a place where enterprise and innovation form the basic pillars of society and where each and every person can live the life they have always dreamed about.

We know that by creating financial security we can improve the lives of Finns and the business of Finnish companies and create an operating environment where anything is possible."

–CEO Petri Niemisvirta

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