Commercial Market Commentary 2009 Q4 - Latvia

Economy

GDP growth by the end of 2009 is expected to be negative, at - 18%. Similar tendency will continue in 2010, with GDP decline of - 4% and only in 2011 it might be positive, at 2%.

The economic crisis has slowed down inflation to 3.5% in end of 2009. We expect deflation in coming few years.


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