Finland in double-dip recession
21:10, 9 June 2010
WASHINGTON. June 9. KAZINFORM Finland's economy slipped back into recession during the first three months of 2010, official figures have shown; Kazinform refers to BBC News.
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 in April, the biggest growth since November 2008.
This resulted in Finland reporting a trade surplus of 355m euros, its first for six months; Kazinform cites BBC News. See www.news.bbc.co.uk for full version.