Posts tagged as scale

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…