Latvia

Such has been the severity of Latvia's economic demise and the concern over a possible escalation in spending demands, that the IMF delayed the disbursement of EUR200mn of the joint... 2009-05-29

Further indicative of the dire state of domestic demand conditions in Latvia, the unemployment rate swelled to 13.9% during the first quarter of 2009, marking a significant increase... 2009-05-29

The decision by the IMF to delay disbursing EUR200mn of the join EU-IMF EUR7.5bn financial bailout, has ensured that the risks to economic stability remain pronounced. In particular,... 2009-04-24

The collapse in domestic demand and shortage of external financing continues to drive a sharp correction to Latvia's balance of payments. Indeed, with imports taking the brunt of... 2009-04-24

Following the collapse of Latvia's coalition government on February 12, President Valdis Zatlers has since nominated Valdis Dombrovskis of the centre-right New Era party, winning... 2009-03-24

Latvian inflation continues to tumble as the combination of weak global commodity prices and an outright collapse in consumer and investment spending, rein in core and headline inflationary... 2009-03-24

Latvia's stockpile of foreign currency reserves fell by US$551.5mn in January and are likely to remain under considerable pressure through the year. Indeed, with risk aversion towards... 2009-03-24

The sharp plunge in economic growth during the fourth quarter of 2008 further confirms our already downbeat view for the economy over the medium term. Indeed, with the deleveraging... 2009-02-23

Having secured a EUR7.5bn loan from the EU and IMF to bolster financial market stability and prop up the stricken economy, Latvian Prime Minister Ivars Godmanis has reaffirmed the... 2009-02-23

Amid the marked deterioration in Latvia's economic outlook, the government decided on January 26 to broaden its coalition in a bid to maintain sufficient support. It is hoped that... 2009-01-30