Latvia's economy growth in the fourth quarter

Feb 14, 2007
By TBT staff

RIGA - Latvia’s economy grew by a head-spinning 11.9 percent in the fourth quarter compared to the same quarter in 2005, the Central Statistics Bureau said on Feb. 9, one day after the bureau announced that annual inflation had increased to 7.1 percent. The data, coming back-to-back during two days, amounted to a mixture of hot and cold water dumped on ministers’ heads. Latvia remains the fastest growing economy in the 27 member European Union, but it also occupies one of the top slots in terms of inflation.

Source: Baltictimes