Finnish Economy Contracts as Inflation, Borrowing Costs Weigh
Finland’s economy appears to be shrinking.
Photographer: Maija Astikainen/BloombergThis article is for subscribers only.
Finland’s economy contracted in the third quarter, a flash estimate indicated, as accelerating inflation and higher borrowing costs began to reduce activity.
Gross domestic product contracted a seasonally adjusted 0.1% from the prior three-month period, Statistics Finland said on Tuesday. In the year, the economy expanded 1.7%, adjusted for the number of working days.