Weak economy helps current account balance

Feb 18, 2010
From wire reports

RIGA - Initial data show that Latvia’s current account balance was in surplus for the full year last year, reaching 8.8 percent of GDP, reports news agency LETA. Bank of Latvia economic analyst Arturs Kanepajs emphasizes that for Latvia, as a small and open economy, this indicator clearly points to an on-going economic stabilization, and explains that the country is earning more foreign currency with its exports than it is spending on imports. He says that a more detailed analysis ...

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