Posts tagged as banking system

Baltic countries are on the verge of state bankruptcy

By Lukas Ramonas on Wednesday, April 29, 2020

The coronavirus pandemic spreads throughout the world. And its victims are not only people, but also the economies of states. As it is known, the number of patients diagnosed with COVID-19 daily increases by 100-130 people in the Baltic countries. At the same time, the International Monetary Fund has predicted GDP decline in these states. According to the IMF forecast, the biggest recession is expected in Latvia. The fund forecasts…