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Agency says Lithuania will have soft landing

May 22, 2008
From wire reports

VILNIUS - Standard & Poor’s, a rating agency, has predicted that Lithuania’s economy would likely undergo a soft landing, with GDP growth amounting to 4 percent this year. After fresh data showed that Estonia’s economy nearly flattened out in the first quarter and Latvia’s is showing signs of braking fast, the news was a breath of fresh air for the Baltics. Standard and Poor’s credit analyst Eileen Zhang said that Lithuania’s economic development would slow down considerably in coming ye ...


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