Q4 GDP results deliver mixed signals

Feb 18, 2010
Staff and wire reports

RIGA - Latvia’s economic output shrank a preliminary 17.7 percent in the fourth quarter versus year earlier numbers, its best performance for the year, though worse than many economists had forecast, reports Bloomberg. The drop compares with a 19 percent contraction in the third quarter. A Bloomberg survey of economists was expecting a fall of 15.9 percent. The economy expanded 2.4 percent from the previous quarter. Lithuania’s GDP for the fourth quarter contracted 13 percent ...

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