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Forecasts for Latvian GDP vary wildly, while IMF predicts hard-landing

Apr 16, 2008
By TBT staff

RIGA - An informal debate erupted last week over how Latvia’s economy will fare this year, with foreign analysts generally predicting doom and gloom and local experts adhering to their typically Panglossian outlook. The first salvo was fired by the International Monetary Fund, which forecast in its latest report that Latvia’s economy – the fastest growing in the EU over the past three years – would undergo a hard landing and suffer a bout of stagnation in 2009. Gross domestic product is expe ...


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