"Latvia, a country of 2.4 million people which joined the EU in 2004, has been hit particularly hard by the global financial crisis after years of unsustainable, double-digit growth and a real estate bubble.
The economy of the country once called "a Baltic tiger" is forecast to shrink by nearly a fifth this year, a worrying prospect for foreign investors, particularly Swedish banks."
guardian.co.uk/Reuters, Friday June 19 2009
guardian.co.uk/Reuters, Friday June 19 2009
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