The Estonian, Latvian and Lithuanian economies are coming into a period of health after three years of turmoil. Agnese Garda (pictured below), Marina Tolmatshova and Laurynas Narvydas offer a roundup of the Baltic states post-crisis
Baltic financial markets and economies are gradually recovering from the recession triggered by the financial crisis of 2008-09. The economic growth of the ‘Baltic Tigers’ prior to the crisis was significantly part financed by debt – largely foreign – thus exposing the countries and their residents to vulnerability and liquidity issues once the crisis set in.
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