Latvian analysts deny Iceland scenario

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Latvian analysts deny Iceland scenario

Oct 17, 2008
TBT Staff in cooperation with BNS

The IMF had previously claimed that the Latvian economy could suffer a similar fate to Iceland's

RIGA – A number of Latvian economic analysts have said that the country will not suffer the same fate as Icelanddespite ominous predictions from the International Monetary Fund. The IMF had previously said that the similarities between the Icelandic and Latvian economies put the Baltic state at risk of a similar crash. Peteris Strautins, the chief social economic expert at the Latvian branch of Swedbank, however, said that the country’s low level of foreign debt would save it from an I ...

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