Annika Lindblad News
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Latvia’s economic growth accelerated in the first quarter to maintain the fastest pace in the European Union, suggesting the Baltic nation is weathering the continent’s debt crisis.
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Lithuanian inflation slowed in April to the lowest rate in 14 months as clothing prices and communications costs fell.
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Estonian consumer-price growth was the slowest in five months in March, reduced by a strong comparison base a year earlier.
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Lithuania’s economy expanded at a faster rate than previously estimated in the fourth quarter on stronger growth in the construction industry.
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Lithuania’s economy expanded at a faster rate in the second quarter than previously estimated, driven by recovering consumption and the construction industry.
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Euro adoption has helped Estonia distance itself from all but the strongest European economies in terms of credit risk as eastern states such as Poland waver in their ardor for the currency, shaken by a sovereign-debt crisis.
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Estonia’s economy, which exited the European Union’s third-deepest recession in the fourth quarter, contracted in the first three months of this year as consumers and companies refrained from spending and investment.
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Latvians may elect a new premier to lead the country’s deficit-cutting government after a weekend referendum dissolved parliament and propelled a new party to the top of opinion polls.
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Russia’s economy expanded for the first time since 2008 in the three months through March as the world’s biggest energy producer rebounds on an oil-funded stimulus program and record-low borrowing costs.
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Eastern European economic growth probably slowed in the third quarter as Europe’s debt crisis damped demand for exports, the region’s main driver for expansion, and stunted lending by banks.
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