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Finnish GDP up more than expected in first quarter

Staff Writer | May 16, 2017
Finland's gross domestic product (GDP) rose 1.6 percent in the first quarter from the previous quarter, data showed on Tuesday.
Finland factory
Europe   The euro zone member was recovering
This is indicating the euro zone member was recovering from a decade-long stagnation faster than expected.

Finnish economic output is still below levels prior to the financial crisis of 2008 as exports have been hit by a string of problems including the decline of Nokia's former phone business, rigid labor markets and a recession in neighboring Russia.

A flash estimate by Statistic Finland showed first-quarter GDP was up 1.6 percent from the previous quarter and 2.8 percent higher than the previous year.