Finnish Economy Contracts Most Since 2020 in Third Quarter
- Gross domestic product contracts 0.9% from previous quarter
- Finnish output hit by weaker export demand and higher rates
This article is for subscribers only.
Finland’s economy contracted the most since the onset of the Covid-19 pandemic as the drop in demand for exported goods as well as higher borrowing costs weigh on the Nordic economy.
Gross domestic product shrank a seasonally adjusted 0.9% in the three months through September compared with the second quarter, when it expanded 0.6%, according to a flash estimate by Statistics Finland on Tuesday.