Finland in recession after first-quarter GDP shrinks 0.9% quarter-on-quarter - Statistics Finland

HELSINKI (Reuters) - Finland is now officially in recession after gross domestic product contracted for two consecutive quarters, Statistics Finland said on Friday.First-quarter economic output fell by 0.9% from the previous quarter, the agency said, while its revised data for the fourth quarter of 2019 showed a contraction of 0.6% from the quarter before. First-quarter GDP shrank 1.1% year-on-year, it added.Danske Bank's chief economist Pasi Kuoppamaki called the new data a "defensive victory",..