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Latvia’s economy takes a nose-dive, annual growth slows to 3.6 percent
RIGA - The hangover has begun. Latvia’s economy, over the past few years the hotrod of the European Union, is in the middle of coming to a screeching halt, with annual growth of gross domestic product falling to 3.6 percent in the first quarter. By comparison, GDP growth in the fourth quarter of 2007 was 8 percent, while growth in the first quarter was 11.2 percent. The result, announced by the statistics agency on May 9 and based on preliminary data, surprised many analysts, even though all ...| The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please log on using the form on the top of the page. If you don't have a membership yet - please subscribe. |
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