New statistics confirm old economic fears

Sep 10, 2008

2 By Vincent Freeman, TALLINN     Estonia is still in recession despite revised figures, as is Latvia — despite denials — and Lithuania’s economy is struggling to keep its head above water. That is the bleak picture that emerged from a raft of data recently released by the Baltic countries’ respective statistic bureaus. LATVIA According to the Latvian Statistics Bureau, gross domestic product increased by 1.6 percent in the first half of 2008 compared to 2007. In the second ...

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