The European Union’s population is shrinking/Finland entered recession

According to the report of the International Economic Group of Fars News Agency, citing Rashatoudi, official data shows that Finland’s economy is declining, and the country’s gross domestic product has decreased by 30% in July to September compared to the previous quarter.

Samohakala, the director of the statistics department, announced that the consumption of goods such as food and fuel has decreased in this country since the middle of 2021, but now the consumption of goods such as clothes and shoes has decreased sharply due to weak incomes.

This report emphasizes that the economic recession in this country is due to a sharp decrease in consumption.

In the meantime, economists are emphasizing the decrease in growth in the following months, so that “Timo Hironen”, the chief economist of Helsinki, wrote on his Twitter: “We expect to see an economic contraction in this country in the fourth quarter of the year, which technically It means recession for Finland.

Economists expect the recession in Finland to continue until 2023. Also, a recent report by Oxford Economics shows that the economic outlook in this country is bleak in the short term.

As the European Central Bank raises interest rates, inflation in the region will rise to higher levels, real incomes will fall, and public confidence will fall.

The interest rate policy in Europe and America, which was started with the aim of reducing the inflation rate by their politicians, has not been able to achieve their goal, and according to international institutions, it has now spread the shadow of recession over these two continents, as predicted in the year In the new year, the number of European countries entering economic recession will double.

The International Monetary Fund had also announced that next spring America will enter economic recession.

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