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Finnish GDP dropped 7,6 percent in first quarter

The Finnish economy contracted 7,6 percent year-on-year in the first quarter of 2009, figures from Statistics Finland show.

That is 2,7 percent down from the last quarter of 2008, the statistics service says. Meanwhile, the volume of exports contracted by 25,5 percent and that of imports by 19,4 percent year-on-year.