Slide halted but rebound not yet clear

Dec 17, 2009
From wire reports

RIGA - Latvia’s third quarter economic output was slightly worse than analysts expected, with GDP dropping 19 percent against year earlier figures, according to the Central Statistics Office, reports news agency LETA. Analysts were looking for a contraction of 18.4 percent. Second quarter output fell by 18.7 percent. The Latvian economy is the worst performing in the European Union as consumer spending has slowed along with manufacturing activity. The country, which had the fastest ...

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