Nordea warns of Latvia’s vulnerabilities May 01, 2008
Staff and wire reports Nordea Bank has warned that negative global trends on the energy and commodity markets are likely to have a more far-reaching impact on Baltic consumers than originally thought.
Roger Wessman, chief analyst with Nordea Markets, told journalists on April 24 the outlook for Latvia had become increasingly pessimistic in recent months and the slowdown of global markets would probably be stronger than previously believed.
“Nobody doubts anymore that the U.S. is heading for a recession phase, wit ...
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