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Finland falls back into recession

kaya'08

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Finland's economy slipped back into recession during the first three months of 2010, official figures have shown.

During the January to March quarter its economy contracted by a seasonally-adjusted 0.4%, after a decline of 0.2% in October to December of last year.

Finland, whose main exports include paper and Nokia mobile phones, was hit hard by the downturn in global trade.

However, official figures also released on Thursday, showed that its exports have since recovered.

The country's exports rose 7% from a year earlier to 4.4bn euros ($5.3bn; £3.6bn) in April, the biggest growth since November 2008.

This resulted in Finland reporting a trade surplus of 355m euros, its first for six months.

BBC News - Finland falls back into recession
 
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