To read further, please register free and login
[s2If !current_user_can(access_s2member_level1)][lwa][/s2If] [s2If current_user_can(access_s2member_level1)]

Market Update: Finnish Economy Shrinks 0.1% in Q1
The Finnish gross domestic product contracted by 0.1 percent quarter-on-quarter in the March quarter 2021, missing an earlier estimate of a 0.4 percent growth, reversing from a 0.4 percent expansion in the previous quarter. Government spending contracted by 1.3 percent in the first quarter, after increasing 2.6 percent in the previous quarter. Also, net foreign demand contributed negatively to the GDP as exports shrank by 5.0 percent (vs 9.4 percent in Q4) while imports increased 1.4 percent (vs -1.4% in Q4). At the same time, private consumption fell by 0.7 percent, following a 1.4 percent drop in Q4. Meanwhile, fixed investment grew by 1.4 percent (vs -0.8 percent in Q4). On a yearly basis, the economy shrank by 1.0 percent in the first quarter, following a downwardly revised 1.1 percent contraction in the prior quarter. source: Statistics Finland [/s2If]
Join Our Telegram Group