Fiscal Consolidation On Track

March 2011
Emerging Europe Monitor: Central Europe & Baltic States;Mar2011, Vol. 18 Issue 3, p12
Country Report
The article presents an economic outlook for Latvia as of March 2011. It mentions how the fiscal consolidation programme appears on track to deliver a sub-3.0% deficit by 2012. It adds that the recovery has yet to depend on the bailout programme as any suspension in funding may have a negative impact on investors' sentiments and on the economic stability. Prime Minister Valdis Dombrovski's cautionary note on the need to bailout funds to keep the financing taps open is also discussed.


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