Latvia's economy: the long road to recovery

Oct 07, 1999
By J. Michael Lyons

RIGA - As Latvia wakes from a year-long fiscal snooze, analysts and government officials are tallying the lessons learned in the worst recession this decade.No one disputes Latvia's economy has taken a step back - the deficit and unemployment are up while exports and GDP are down - but the recession forced more ties with the West that will likely, in the long term, push the economy two steps forward."It will make the economy stronger in the future," said Andris Vilks, an analyst with Unibanka.De ...

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