Economies emerging from depths of depression
Aug 19, 2010
Staff and wire reports
RIGA - The economies of Estonia, Latvia and Lithuania are recovering from the European Union’s deepest recessions faster than previously estimated as manufacturing picks up and the financial industry improves, says Capital Economics, reports LETA-Bloomberg. Estonian GDP will probably rise three percent this year, compared with a previous estimate for a one percent contraction, writes the London-based group in an e-mailed note on Aug. 12.
Lithuania’s economy will register zero ...
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