World Economy

Finnish Growth Broad Based

Finnish Growth Broad BasedFinnish Growth Broad Based

Finland’s economy grew solidly in the second quarter, its statistics office said on Friday, revising preliminary figures that had pointed to a sharp quarterly contraction, Reuters reported. Growth was 0.4% compared with the 0.5% decline announced in last month’s flash estimate, the office said. The reason for the sharp discrepancy between the two figures was not immediately clear. “Growth is broad-based, and all sectors are now contributing to it”, Timo Hirvonen, economist at FIM bank said. “Confidence indicators are strong and investments and exports are also up, so everything is pointing to 3% growth for the year”.


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