Latvian GDP still unbridled, banker admits economy is overheated

Aug 15, 2007
By TBT staff

RIGA - Once again analysts and bureaucrats scratched their heads in dismay at a fresh batch of economic data, which this time registered second-quarter GDP growth at 11.3 percent and annual inflation as of July at a staggering 9.5 percent – both significantly surpassing public and private sector estimates.  The data also deflated the false sense of assurance that had been growing in government circles after the anti-inflation plan was approved in March. Commenting the indicators, Il ...

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