Economist Blog | Eastern Europe

CAT | Auction Theory

The results of  GDP change in Q1 of 2010 is not that scary anymore.  After GDP fall in double digit numbers in 2009, the small dip of  -2% in Lithania and Estonia or -6% in Latvia seems like finally touching the ground.

Lithuania Latvia Estonia GDP in first quater of 2010

Lithuania Latvia Estonia GDP in first quater of 2010

The exports and industry results are in positive trend although  those trends are outweighted by still falling internal private as well as government consuption. The signs of stability in real estate market, unemployment statistical figures make the grounds for prognoses of three Baltic states’ economies will stop shrinking and will start showing small growth in the second half of the year.

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