It's started. Latvia's economic duress 's much-debated, widely forecast, grossly underestimated by the powers-that-be 's is now an indisputable fact of life. Regardless what the spin doctors on Brivibas Boulevard or Castle Square say, the economy is undergoing a hard landing. Preliminary data released over the past week shows that gross domestic product in the first quarter of the year expanded by a lackluster 3.6 percent compared with the same period in 2007. Further, analysts agree that this three-month indicator will be higher than in any subsequent quarter until to the end of the year '...
The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please authorize yourself.
In case you don't have a subscription yet - please visit our
SUBSCRIPTION section
