Ratings Could Be Cut

April 2007
Emerging Europe Monitor: Central Europe & Baltic States;Apr2007, Vol. 14 Issue 4, p11
Country Report
Country Report
The article forecasts the economic conditions in Latvia for 2007. It mentions that the country's foreign borrowing to cover external imbalances has translated into massive gross external debt, which is now excess of 100% of gross domestic product. Inflation remains the key problem for the country, given the planned natural gas price hikes.


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