Economic Growth Decelerates

July 2008
Emerging Europe Monitor: Central Europe & Baltic States;Jul2008, Vol. 15 Issue 7, p11
Country Report
The article provides an economic outlook for Latvia through 2009. According to the Latvian Central Statistical Bureau, the Latvian economy grew by 3.6% year-on-year in the first-quarter of 2008, the slowest annual rate in almost nine years and only a third as quick as in the same period of 2007. Analysts believe that there is an escalating risk that growth will remain sluggish in 2009. Data also suggests that export growth may slow going forward.


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