Central banker hails sharp jump in exports

By TBT staff RIGA - Bank of Latvia chief Ilmars Rimsevics has hailed the recent increase in exports, saying exports were becoming the main driving force in the country’s economy, which is currently undergoing a dangerously rapid slowdown. “The signs of an economic slowdown in Latvia have become stronger amid falling domestic demand, slower lending and budget revenues falling behind target, but for the time being exports have taken over the role as the main driving force in the economy,” Rimsevics said. ... The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please log on using the form on the top of the page. If you don't have a membership yet... [read full story]