Heading Deeper Into Recession

April 2009
Emerging Europe Monitor: Central Europe & Baltic States;Apr2009, Vol. 16 Issue 4, p11
Country Report
The article presents an economic outlook for Latvia for 2009. In the fourth quarter of 2008, Latvia's economy declined by 10.5% year-on-year. Real gross domestic product (GDP) growth also slowed by 20.5%. It is predicted that the economy will contract by 9.2% in 2009 and 1.6% in 2010. It is also expected that domestic inflation will normalise.


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