Financial Times FT.com

Icelandic economy

Latvia’s slide adds to gloom in Baltics

By Robert Anderson in Stockholm

Published: November 8 2008 00:48 | Last updated: November 8 2008 00:48

The Baltic states are sliding into a deep recession, new figures indicated on Friday.

Moody’s cut its credit ratings for Latvia, the most exposed of the three to the global financial crisis.

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