Devaluation Still Likely Despite IMF Optimism

March 2010
Emerging Europe Monitor: Central Europe & Baltic States;Mar2010, Vol. 17 Issue 3, p12
Country Report
The article reports on the economic outlook for Latvia. It is expected that the country's pegged exchange rate will continue to make the headlines, with the International Monetary Fund (IMF) adopting a more upbeat outlook on the sustainability of the current exchange rate system. It is also projected that political pressures emanating from the government's internal devaluation strategy will see policymakers choose to devalue.


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