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Finland’s largest companies, with combined revenue of about €244 billion ($267 billion), are largely retrenching in response to higher borrowing costs intended to tackle inflation.
Just one in every ten companies is planning to invest in expansion this year, according to a survey commissioned by OP Group from Nordic Institute of Business & Society. That’s the lowest share since 2015 and shows a “significant” decline from two years ago when one in three were still seeking growth.
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