PM: Latvian economy to grow 4.5% in 2011

01.11.2011, 14:06

The recovery of Latvia's export-driven economy will be stronger in 2011 than previously assumed, but 2012 will be hit markedly by European debt woes and the global economic slowdown, said Latvian prime minister .Valdis Dombrovskis.

According to the PM,  2011 growth is set to come in at around 4.5%, according to yet unpublished estimates, up from a previous official estimate of 3.3% growth. In 2012, however, growth will slow to around 2.5%.