Recession Global

Hardships of Baltic region are severe, despite signs of economic slowdown braking.The opinion was expressed by Director General of the Swedish Financial Supervisory Service, Martin Anderson, writes Db.lv. He was confident that the situation in the Baltic countries is very bad, because they have to «war on two fronts» - with the economic problems on the domestic and external markets. «The economic situation in the Baltic countries is very difficult and it is not controlled by», - I am sure Anderson.He noted that the Swedish banks are among the major players in the market of the Baltic States will be able to survive, and the worst scenario development, if it is done.Positive trends expert saw that the pace of economic collapse in Latvia and Estonia during the second quarter of 2009 were lower than in the first quarter, which means, according to Anderson, that continued rapid economic growth were not expected.«Global economic indicators show that GDP growth in the next quarter will be significantly better than projected, but still have to go through many losses before it is better», - has assured Anderson. He has added that the crisis had a negative impact on public attitudes and banks, and in the future, will have to correct.