Despite
modest debt and a competitive economy, the Nordic country is on course for a
fourth year of recession, but don’t blame the common currency
The Wall
Street Journal
By SIMON
NIXON
Nov. 25,
2015 5:30 p.m. ET
8 COMMENTS
Which has
been the worst performing economy in Europe this year, excluding Greece ? The
surprising answer is Finland .
In the third quarter of this year, Finland ’s economy contracted by
0.6%, putting it on course for a possible fourth consecutive year of recession.
Since 2008, its output has shrunk by 6%, faring only slightly better than Italy ’s roughly
8% decline over the same period.