Finland has slipped back into recession after its economic growth slowed down for the second consecutive quarter between January and March, according to preliminary data released by Statistics Finland on Wednesday. A recession is generally defined as two consecutive quarters of negative economic growth.
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Finland slips back into recession
The seasonally adjusted gross domestic product of Finland declined by 0.1 per cent against the previous quarter over the first three months of the year, after declining by 0.2 per cent between last October and December.