Latvia

Growth is back in Baltics, Poland and Russia

November 1, 2010 by timbercommunity

After some tough years, the economic crisis is over for the Baltic states, Poland and Russia,  at least in terms of growth, according to Nordea´s Baltic Rim Outlook. Estonia's forthcoming accession of the euro underlines that a new era has begun for the Baltics. Exports have initially been the main driver of the recovery, while growth in domestic economies varies considerably. Poland leads clearly and Russia is accelerating, while the Baltic countries are still struggling to boost domestic demand.