Baltic banks get low marks from OECD

  • 1998-12-03
  • Sandra L. Medearis
RIGA - An economic development agency cited current account deficits in the Baltics as "particularly worrisome," but said that a slowdown in the EU may hurt the region more than Russia's crisis. The Organization for Economic Cooperation and Development (OECD) will release a preview of its semiannual Economic Outlook forecast on Dec. 17. A preview said Central and Eastern Europe are rolling with the punches, except for the Baltics and among them, Latvia.Baltic bankers say that their sector will graduate from the category of special concern when foreign investments and tutelage make them stro...
 
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