Finland has entered a recession again at the end of last year, influenced by the negative impact of higher interest rates on the economy, according to a Finnish flash estimate. This development marks a significant downturn for the northernmost euro member, as reported by various sources. The situation is further exacerbated by the financial challenges faced by companies like YIT, where creditors have more sway, indicating a broader economic strain within the country.
I've been skipping some releases on YIT but it ain't going great over there and creditors have more sway these days.. Finland really is going through a long winter (figurative and literal).. https://t.co/IChaynfn9P
Finland slips back into recession as interest rate hikes bite https://t.co/RqjWRweq9G https://t.co/nfPaUG5WhG
Finland’s economy slipped back into a recession at the end of last year as fallout from higher interest rates weighs on the northernmost euro member https://t.co/TiyTRrtmns
Finland’s economy slipped back into a recession at the end of last year as fallout from higher interest rates weighs on the northernmost euro member https://t.co/7t9RodFcP4 via @economics
Finnish flash estimate signals economy has slipped back into recession https://t.co/Swzh1oLSov via @LeoLaikola https://t.co/N3oQ6WW5PE