November 2009
Emerging Europe Monitor: Central Europe & Baltic States;Nov2009, Vol. 16 Issue 11, p12
Country Report
The article offers new briefs in Latvia. Despite smaller than expected reduction in public expenditure, the Latvian government can still meet the required budget deficit by the European Union (EU) and International Monetary Fund (IMF) as suggested by Prime Minister Valdis Dombrovskis. Latvia Statistics has revised the 19.6% y-o-y second quarter decline in gross domestic product (GDP) to 18.7%. World Bank has approved a loan worth 200 million euros to support Latvia's ailing banking sector.


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