Economy Grows Again During Third Quarter

Latest data shows continued growth in the economy, after years of recession.

File photo: economy, finance, business and banking / Credit: iStock Photo

Finland’s economy continued to grow strongly in the third quarter of the year, according to new figures released today by Statistics Finland.

There are a number of key indicators that will keep politicians, economists and the public happy.

Gross domestic product (GDP) rose by 3.6% year-on-year from July to September.

Economic growth also accelerated from the previous quarter, as GDP was up 3% compared to the same quarter last year.

These new figures mean that the Finnish economy has been growing since the beginning of 2015, after many years of recession and economic problems.

Employment is also improving. According to Statistics Finland, the number of employed people is expected to have increased by 0.5% from July to September – helpful for the government, which has a target of 72% employment.

September Production Boost

In September, according to preliminary data, production in the national economy rose by 3.8% compared with September last year.