Finland entered its third recession in six years, preliminary data showed, as government efforts to halt debt growth collided with the longest industrial slump in 20 years.
Finland, reeling from a slump in its two main industries, is finding that a weak economy has turned a number of its businesses into attractive acquisition targets.
Finland’s economy grew faster last quarter than the average for the 17-nation single currency bloc, which may face a recession as the sovereign-debt crisis deepens.
Finland’s economy unexpectedly failed to grow in the third quarter from the prior period on falling public spending.
Finland’s economy shrank in the first quarter, entering a recession as its fellow euro-area countries struggle with austerity and surging unemployment.
Finland’s economy stalled in the fourth quarter as Europe’s deepening debt crisis hurt exports.
Following is a detailed table of the July indicator of total output report from Statistics Finland in Helsinki:
Finland, which lost its biggest trading partner when the Soviet Union collapsed, is now pegging its export recovery on Russia.
Following is a summary of the July indicator of total output report from Statistics Finland in Helsinki:
Following is a summary of the August retail sales report from Statistics Finland in Helsinki: