NEWS
Latvian trade deficit to fall
TALLINN - With economic activity weakening across the board in the Baltics, slowing domestic spending on imported goods is having the unanticipated benefit of helping to bring down Latvia’s large and unwieldy negative current account balance. Hansabank Market analysts expect that current and capital account deficits could fall to around 5.5 - 6 percent of the gross domestic product by 2009-2010, down from a 17.4 percent deficit at year-end 2007. The drop is being driven by a strong improvem ...| 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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