Cooling of the Finnish economy could already be seen in autumn 2019. The Finnish economy has suffered seriously from the corona pandemic during the first half of 2020 and the contracting global economy shadows the outlook of the export-driven economy. The restrictive domestic measures have lowered domestic consumption especially within the service sector. Household and business confidence have clearly weakened. However, economic growth has not contracted as dramatically as in many other European countries. During the second quarter, the economy shrank by 4.5% compared to the first quarter and, 6.4% compared to the ...
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