A blip for Finland?

Finnish GDP growth contracted by 0.5 at the end of the year compared to the third quarter as the struggling eurozone economy hit a snag in its recovery at the end of 2016.

Latest figures from the Finnish stats office revealed output fell in the three months to December compared to the quarter prior, but was up 0.2 per cent when measured against the same period last year.

Despite the quarterly contraction , December growth was 1 per cent higher than in the same month in 2015, in an economy that has been beset by one of the worst growth rates in the eurozone outside of the southern countries.

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