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Finnish GDP growth means no recession in the country

Monday, 05 December 2011
Finnish GDP growth in the third quarter means that recession can not be spoken of in the country’s productivity for the year.


For the period during the period July-September this year, statistic Finland reports that preliminary figures show the economy grew in the third quarter by 0.9 percent sequentially.

Compared to the same period last year, GDP grew by 2.7 percent. Meanwhile, the revised data for the second quarter was brought down. Between April and June of this year, GDP grew by only 0.1 percent over the previous period.

The preliminary figure was +0.6 percent. Compared with the previous quarter, GDP rose by 1.9 percent, one percentage point lower than the provisional figure. Revisions can be particularly large if there are increased economic fluctuations, said Statistic Finland.
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