Another down year for Baltics

Feb 25, 2010
From wire reports

VILNIUS - Estonia, Latvia and Lithuania are expected to remain in recessions this year, as an export-driven recovery takes hold later than officials expected, say analysts at Danske Bank, reports Bloomberg. The Lithuanian economy may shrink another 3 percent this year, instead of the government’s forecast of a 1.6 percent expansion, say the number crunchers. Estonia’s contraction may reach 1.8 percent, rather than the government’s 0.1 percent estimate, and Latvia’s ...

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