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Hansabank: negative growth ahead
RIGA - Latvia’s economy should hit bottom in the fourth quarter of this year or early next year before mounting a solid recovery back to positive GDP growth, say analysts at Hansabank Markets, the financial division of Latvia’s Hansabanka. “The lowest point in the current economic cycle is expected to come at the end of 2008 and the first half of 2009, when economic growth will probably become negative for two to three quarters, which means a recession is likely to set in as a drop in domestic ...| 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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