Economist Blog | Eastern Europe

Jun/10

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After big slump, signs of stability in Baltic states

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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1 Comment for After big slump, signs of stability in Baltic states

veterinary technician | June 17, 2010 at 11:54 am

Wow this is a great resource.. I’m enjoying it.. good article

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