Posts tagged as predict

IMF predicts scale of recession in Baltic states

Wednesday, April 15, 2020

The International Monetary Fund has revised Latvia’s gross domestic product projection for this year, and now expects Latvia to post the steepest economic downturn in the Baltics in 2020, while next year Latvia is projected to achieve the fastest economic growth in the Baltic countries, reported LETA April 14. The IMF’s latest World Economic Outlook predicts that the Latvian economy will contract by 8.6 percent this year, instead of growing…

Pro-Kremlin outlets “predict” coronavirus-driven economic collapse of the Baltic countries

By Lukas Andriukaitis on Friday, April 10, 2020

As the Baltic states went into quarantine, pro-Kremlin media predicted the crash of their economies. Pro-Kremlin media outlets routinely push various narratives targeting the Baltic states; usually, these narratives accuse them of Russophobia, or describe them as aggressive. As COVID-19 puts pressure on the world’s economic system, however, these outlets have shifted their attention, publishing stories that claim the coronavirus is going to destroy the Baltic economies and undo their decades of post-Soviet progress.…