Winners and losers of the crisis in Latvia

PROJECT CO-ORDINATOR

Orsolya Lelkes

PROJECT TEAM AT THE EUROPEAN CENTRE

Katrin Gasior, Eszter Z├│lyomi

BACKGROUND

The Baltic States have been amongst the worst hit by the global financial crisis. In 2007, the Latvian unemployment rate stood at 6% and by the fourth quarter of 2009, the figure had risen to 20%, and the youth unemployment rate to 43% giving Latvia the highest rate of unemployment growth in the EU. In 2010, 38% of the population was at risk of poverty.

FINDINGS

The results were compiled into a World Bank report, which is published in 2013.

PROJECT DURATION

2013/02 – 2013/12

FUNDED BY

The World Bank