Finland's Prime Minister Jyrki Katainen talks to the media as he arrives at a European Union leaders summit in Brussels December 20, 2013. REUTERS/Francois Lenoir
HELSINKI (Reuters) - Finnish government leaders, faced with a prolonged recession and political fallout from unpopular austerity measures, appear likely to reduce previously announced spending cuts at budget talks that begin this month.
Data on Monday showed Finland's gross domestic product shrank 1.4 percent in 2013 as the economy took another turn for the worse late in the year, driven by falling private consumption and weak investment.
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