Danske Bank cuts Finland growth forecasts as recovery remains fragile

HELSINKI, Dec. 3 (Xinhua) -- Danske Bank has lowered its forecast for Finland's economic growth this year to 0.3 percent from 0.9 percent, and cut its projection for next year to 1.5 percent from 2.0 percent.

In its latest economic outlook published on Wednesday, the bank said there are cautious signs of a turnaround, citing rising industrial orders, a pickup in housing transactions and new housing loans, and ea