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Soft landing begins for Latvia, Estonia

Aug 01, 2007
Staff and wire reports

RIGA - The Estonian and Latvian economies are settling into the eagerly awaited "soft landing," as Estonia's growth in the first quarte of this year eases off a rapid 9.8 percent year-to-year increase, and Latvia's slows from 11.2 percent, says a new report released by Hansabank Markets. Estonia is clearly experiencing a slowdown in its economy, while Latvia is taking its first steps, the report states. The Estonian economy is to grow approximately 8.6 percent this year and drop to around 6.9 p ...

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