1. Latvia's Economic Recovery: Lessons to Learn?
- Author:
- Steve Lutes
- Publication Date:
- 03-2012
- Content Type:
- Journal Article
- Journal:
- The Diplomatic Courier
- Institution:
- The Diplomatic Courier
- Abstract:
- While the impact of the 2008 global economic crisis has been varied across nations, it is unmistakable that Latvia was among those hardest hit with unemployment topping 20 percent and a considerable contraction in gross domestic product (GDP) from 2008 to 2010. But the tide has ostensibly turned with the country completing the International Monetary Fund's (IMF) stabilization program in December 2011, and the government projecting growth of approximately 5 percent for 2011. So how did Latvia accomplish this turn around as others in Europe remain mired in economic turmoil?
- Topic:
- Economics and International Monetary Fund
- Political Geography:
- Europe