Good news all over, right?
Estonia – Current and capital account in surplus by EEK 1.2bn in May,
Latvia – Current account surplus reaches 2% of GDP during Jan-May,
Lithuania – Current account surplus at 0.4% of projected GDP during Jan-May
Its obviously all bittersweet. In Estonia the main contributor was 90% decline in goods account deficit. The brakes are on and it shows. Exports still decline at lower pace than imports -30% v.s. -40%, which nowdays is something to be proud of. So, yes, for now its mostly about what we dont do anymore.
Tuesday, July 21, 2009
forget the CAD...for now
Labels:
baltics,
current account,
deficit,
estonia,
GDP,
Government,
Gross domestic product,
Latvia,
lithuania
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment