Boom, bust, recovery forensics of the Latvia crisis.

• Autores: Olivier Blanchard, Mark Griffiths, Bertrand Gruss
• Localización: Brookings papers on economic activity, ISSN 0007-2303, Nº. 2, 2013, 38 págs.
• Idioma: inglés
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• Dialnet Métricas: 2 Citas
• Resumen

  • The article reports on the economic conditions in Latvia from 2000 to 2013. During the period of economic boom, nominal gross domestic product (GDP) of Latvia was 22 billion euros in 2012; and the economy was open, in which trade openness, which is the ratio of exports to GDP, was 60 percent. During the economic slowdown in Latvia in 2006, borrowing rates increased from 7 percent 15 percent, and real interest rates declined by early 2007 because of an increase in inflation.