Economy Ministry of Latvia prognosticates 10%-13% GDP drop in 2009

The possible aggravation of the financial crisis, reduced availability of loans and curtailed government expenditures could cause the gross domestic product (GDP) to drop by 10%-13% in 2009, as the Economy Ministry of Latvia prognosticates in its informative report "On The Macroeconomic Situation in the Nation", which was reviewed by the Cabinet yesterday.... Read more...