The Swedish Wire

HELSINKI (AFP) - The blast of the global downturn hit Finland and Sweden with the worst recessions for more than half a century last year, official data showed on Monday.

The Finnish economy took a tremendous blow, shrinking by 7.8 percent and in Sweden gross domestic product shrank by 4.9 percent.

Both figures were worse than expected, and analysts worried that recovery in Finland seemed to be lagging.

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