Wednesday, July 4, 2007

Latvia's Economy to Slow as Credit Restrictions Start to Work, Fitch Says

(Bloomberg) -- Latvia's economy, the fastest growing
in the European Union, will slow as government restrictions on
credit begin to take effect, Fitch analyst David Heslam said.

The economic growth rate, which expanded by 11.2 percent in
the first quarter, will gradually decline as credit becomes more
difficult to get, Heslam, a director in Fitch's Emerging Europe
Sovereign team, said by telephone from London yesterday.


Read more at Bloomberg Emerging Markets News

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