Finnish Economy Surprises by Exiting Two-Quarter Recession
- Finnish GDP grew 1.1% in first quarter, flash estimate shows
- Low energy prices, consumer spending boosted economic growth
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Finland’s economy emerged from a recession in the first quarter even as the Nordic nation continues to battle the impact from the fast inflation and rising interest costs.
Gross domestic product grew a seasonally adjusted 1.1% in the first quarter from the prior three-month period, according to a flash estimate published by Statistics Finland on Tuesday. This was the fastest increase since the second quarter of 2021, and followed two straight quarterly contractions.