Latvia's Current Account deficit swings positive

  • 2009-07-23
  • From wire reports
RIGA - Latvia's balance of payments numbers continue to rapidly improve, along with the trade numbers, as shown in the latest Bank of Latvia statistics.In May, trade numbers jumped to produce a large surplus, with the current account reaching a positive 135.3 mln lats (193 mln euros) balance. The year-ago number for May showed a deficit of 173.8 mln lats. In April, the balance of payments in the current account was a plus 87.3 million lats. In May this year the trade account was still in deficit of 71.4 million lats, an improvement though over May 2008 when it was a negative 194.6 m...
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