Raise a glass to ‘outright recession’

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Raise a glass to ‘outright recession’

Jun 11, 2008
By Mike Collier

SIGN OF THE TIMES: Nordea sees opportunity in the Baltic downturn (Photo: Nordea)

RIGA -- Everyone knows that a pessimist’s ‘half empty’ beer glass is seen as ‘half full’ by an optimist. But where Baltic economy-watchers are concerned, the future tastes either of recessionary vinegar or the delicate bouquet of a freshly-squeezed labour market. Among the vinegar-swillers is London-based Capital Economics, whose latest summary will leave a bitter taste in many mouths, while Scandinavian bank Nordea prefers a palatable blend of market corrections. “The Baltic States are ...

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