By boosting the competitiveness of Finnish exports, these measures presumably have kept the economic downturn from being even more severe.
Commodities account for 57% of the value of total exports, so that a downturn in world commodity prices can have a big impact on the economy.
The downturn in the global economy further curtailed growth in 2001.
Growth was almost exclusively driven by exports - particularly of electronics - and, as a result Malaysia was hard hit by the global economic downturn and the slump in the Information Technology (IT) sector in 2001.
Although Antigua and Barbuda is one of the few areas in the Caribbean experiencing a labor shortage in some sectors of the economy, it was hurt in 1991 by a downturn in tourism caused by the Persian Gulf war and the US recession.
The government's past economic diversification efforts have moderated the severity of the downturn but failed to offset oil and gas revenue losses.
A downturnin consumer spending was offset by rapid export growth.
As a result of the close cross-border relationship, the economic downturn in the United States in 2001 had a negative impact on the Canadian economy.
Growth is almost exclusively driven by exports - particularly of electronics - and, as a result Malaysia was hard hit by the global economic downturn and the slump in the Information Technology (IT) sector in 2001.
Pakistani trade levels - already in decline due to the global economic downturn - worsened in the aftermath of the September 11 attacks.
The territory therefore has been hit hard by the 2001 downturn in its key US and EU export markets.
Business and income tax cuts introduced in 2001 did not spare Germany from the impact of the downturn in international trade, and domestic demand faltered as unemployment began to rise.
The downturnin the global economy further depressed growth in 2001.
A major downturn in the Swiss economy should still be avoided, as consumer and capital spending have picked up and will keep the economy moving in 1999.
Tourism's slow recovery, coupled with low world oil prices, caused a downturn in foreign exchange earnings in 1998, but external payments are not in crisis.
Substantial progress has been achieved over the past 10 years in moving forward from an extremely low starting point, though the regional downturn is now limiting that progress.
Although the government has pursued moderate austerity measures to address the downturn in revenues, Venezuela's ongoing reform program has largely stalled.
Unemployment, now nearly one-fourth of the workforce, and the sharp downturn in business investment have contributed to sagging domestic demand.
The Secretary of Agriculture and his associates will, of course, execute the present act faithfully and thereby seek to mitigate the consequences of the downturn in farm income.
The economic downturn of the past year was the first real test that our system of unemployment insurance has had to meet.
We have met and reversed the first significant downturn in economic activity since the war.
The downturncan be attributed to high oil prices, weaker demand from Western markets, severe drought in rural regions, tsunami-related declines in tourism, and lower consumer confidence.
