The Finnish economy is to recover from the recession during this and the coming year, however the economic forecast is still uncertain, according to a stability assessment published by the International Monetary Fund (IMF) on Thursday.

According to the report, Finland's export driven economy experienced a big blow during the economic crisis of 2008.

Finland's gross domestic product (GDP) fell by eight per cent last year, which was the most dramatic drop within the eurozone.

Finnish economic growth is to remain slow, despite the recovery, according to the IMF. The aging population is to add an extra challenge for the economy.

Although the IMF supports Finland's plans to continue stimulus projects, it warned that the sums need to be reduced during the coming year.

Finnish unemployment is to rise to 8.8 per cent this year, according to the report.

STT