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Latvia’s hard hit economy grew by an annual 2.7 % last quarter for the first time since the global financial crisis under the EU's toughest austerity measures.
“Mainly on the back of stronger competitive power arising from the draconian wage cuts, Latvian exports are growing at an annual rate of 30 percent,” economist Yarkin Cebeci told Bloomberg.
( Prime Minister Valdis Dombrovskis is Pictured)
