Meanwhile, 26,1% later… (39)
Since GDP reached its zenith here, in Q4 2007, the cumulative decline has been 26.1%.
It is a huge decline by any standards. GDP is back [...]
The eurozone is too big… (24)
Publicēts: 2010. gada 26. februāris 01:19
Birkas: competitiveness, euro, Germany.
I have used the graph below in another context but I thought some might find it interesting and at least it made me think. A [...]
Lasi visu »»Can’t pay? Can pay! (97)
Publicēts: 2010. gada 16. februāris 00:41
Birkas: aizņēmums, atmaksa, bailout, default, Hansens, international donors, Latvia, Latvija, loan, repayment, Sudraba, SVF.
That is the beauty of Latvia. You think you’ve seen it all and, nevertheless, something crops up and surprises you.
Thus Inguna Sudraba, Head of the [...]
Eerie similarities… (66)
Publicēts: 2010. gada 11. februāris 09:59
Birkas: banking sector, Swedish banks.
The current crisis is by many associated with the ‘Swedish banks’ and the argument is that they should have known better since Sweden had experienced [...]
Lasi visu »»Spending like the Nordics, taxing like Americans (66)
Publicēts: 2010. gada 2. februāris 10:14
Birkas: budget, economy, Hansen, IMF, Latvia, taxes.
I know I have used this sentence before but it is a good one. It was used in despair about the Latvian economy by a [...]
Lasi visu »»What to look out for in 2010 (22)
Publicēts: 2010. gada 14. janvāris 17:50
Birkas: deflation, devaluation, eurozone, IMF.
Even by the yardstick of recession-induced diminished expectations it may sound preposterous to suggest that 2009 was not such a bad year after all. It [...]
Lasi visu »»What type of economic recovery? (21)
For there will be a recovery; there always is but that may be the last positive item of this entry.
The graph below tries to show [...]
Irish vs Latvian lessons (52)
Publicēts: 2009. gada 16. decembris 14:38
Birkas: convergence, economy, EU, GDP, Ireland, Latvia.
A small, relatively poor country on the periphery of the European Union. Unemployment close to 20%, soaring public deficits and debt. Main export article: People.
Yep, [...]
Convergence ® divergence (38)
Publicēts: 2009. gada 3. decembris 21:23
Birkas: EU, GDP, Latvia, per capita, Portugal, scenario.
Prior to 2007 Latvia’s economy enjoyed several years of convergence i.e. catching up with the average income level per person of the European Union. These [...]
Lasi visu »»The price of uncertainty (63)
Publicēts: 2009. gada 16. novembris 22:55
Birkas: economy, Hansen, investment, Latvia, Morten, taxes, uncertainty.
One of the main questions in the economic-political debate right now is how to jump start the economy. Unfortunately, it is a question with preciously [...]
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