Turn of the tides for Baltic tigers ?
economy is slowing down
Is the last years escalating inflation the main reason behind the downturn of the Baltic economies ? Analysts are getting worried about the Baltic economy. According to the Baltic Times the Swedish Central Bank boss Bengt Dennis has called for a cautious strategy for investors in the Baltic markets. “We are very uncertain about the depth of the correction. The sharp slowdown in Estonia will be followed by a much sharper slowdown in Latvia... a sharp decline is setting in now,” Dennis told an audience of seasoned investors in the region.
According to Capital Economics “activity in Lithuania looks to be holding up pretty well. But the imbalances in the Lithuanian economy were never as severe as elsewhere in the region.”
Read the whole story in The Baltic Times.
Updated: 23. May 2008