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Finnish 2Q GDP down 2.6% on qtr, 9.4% on yr
Finland’s economic decline deepened in the second quarter, as both import and export volumes fell sharply due to weaker demand globally, data showed Tuesday. The Nordic country’s gross domestic product in the second quarter contracted 2.6% compared with the previous quarter and was 9.4% lower, adjusted for working days, compared with the same quarter in 2008, Statistics Finland said. Exports fell by 30.2% on the year while imports slid 27.7%; investments decreased 11.7% and private consumption dipped 3.4%, the national statistics agency said.
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