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Pavluts defends ‘success story’
- From wire reports
RIGA - The Wall Street Journal on Nov. 23 published an article by Latvian Economy Minister Daniels Pavluts in which the minister expressed his arguments against the economist Paul Krugman’s opinion that Latvia’s economic recovery cannot be considered a success story since the country’s gross domestic product has not yet returned to the pre-crisis levels, reports Nozare.lv.Pavluts points out that critics like Krugman challenge the foundations of Latvia’s success. They assert that because Latvia’s GDP is still 10 percent below its pre-crisis peak, the cou...
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