HELSINKI, Dec. 19 (Xinhua) -- Finland is currently in a recession, the Bank of Finland and the country's Ministry of Finance confirmed on Tuesday. Both authorities have defined the decline in the gross domestic product (GDP) this year as 0.5 percent, but the Ministry is predicting a faster recovery from the slump next year.
The Bank of Finland has predicted that the decline will continue next year by 0.2 percent, whereas previously it had estimated a return to 0.9 percent growth.
