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 's 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, Ilm ...

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