Latvia

Latvia's unemployment rate continued to spiral in November, reaching 15.1%, compared to 14.1% the previous month. Moreover, the rate of joblessness has been increasing by around 1pp... 2010-01-04

Though Latvian Prime Minister Valdis Dombrovskis suggested on October 23 that the worst of the country's recession was likely over, we caution that ongoing intra coalition ructions... 2009-10-26

Economic conditions in Latvia continued to deteriorate during Q209, though we believe that following seven straight quarters of rapidly slowing growth, the business cycle is now nearing... 2009-08-19

Reflective of Latvia's epic economic crisis, the current account has flipped from deficit to surplus during the first five months of the year. Indeed, having posted a EUR1.47bn shortfall... 2009-08-19

Q209 real GDP growth dynamics across Europe have reaffirmed our core macroeconomic view that H109 was the trough of the recession. That said, we maintain that a strong recovery remains... 2009-08-17

Latvia's foreign reserve pile has contracted by around 40% since the all-time peak of US$634bn in May 2008 to US$3.9bn in May 2009. With speculation on a devaluation of the lat (... 2009-07-28

In a bid to secure a EUR1.2bn tranche from the EU and IMF's EUR7.5bn bailout by the end of June or early July, the Latvian government has proposed an array of spending cuts to tighten... 2009-06-15