Pro-austerity Finland falls into triple-dip recession

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Series Details 05.06.13
Publication Date 05/06/2013
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Finland, one of the eurozone’s most ardent defenders of austerity, entered in 2013 its third technical recession since the start of the financial crisis.

The Nordic country’s economy shrank by 0.1% in the first quarter of 2013 compared with the previous three months and by 2.1% versus a year earlier. Following revisions to earlier data, it emerged that Finland has been in recession for a year.

Related Links
Finland: Ministry of Finance
ESO: Background information: Finland reports quarterly contraction

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