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| Author: | Pocs, R. Baranovs, O. |
| Title: | Scenarios for the development of the Latvian economy |
| Journal: | Baltic Review
1993 : OCT-DEC, VOL. 4:4, p. 23 |
| Index terms: | LATVIA ECONOMIC CONDITIONS DEVELOPMENT |
| Language: | eng |
| Abstract: | Statistical analysis of economic data from 1991-1992 shows a sharp slowdown in Latvia's economy: a decline in industrial production, soaring prices and a marked drop in living standards. The Latvian economy was seriously affected by the economic upheaval that accompanied the rapid collapse of the Soviet Union. As a result, from 1990 to 1992, energy prices increased 7500%. Latvia's economic development will greatly depend on the rate of economic reforms and will be connected with support from powerful financial institutions. |
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