Finland goes from sick man to Nordic tiger as growth returns

Gross domestic product expanded 1.2 percent from the previous three-month period, when it grew a revised 0.6 percent. "The Finnish economy is now growing faster than the euro area average and is catching up," said Pasi Kuoppamaki, Danske Bank A/S’ chief economist in Helsinki. The growth is “now strong enough to boost employment," he said. After years of stagnation, in which it was referred to as the new "sick man of Europe," Finland is solidifying its recovery, with exports now flanking consumer spending as an engine of growth. Record-high consumer confidence, an expanded workforce and abundant order books in industry are all telling the tale of a lost decade that’s now coming to an end. (Bloomberg)



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