Another Difficult Year In Store

Forecast to contract by an average of 1.57% (real GDP) in 2010 following an estimated 16.07% plunge in 2009, the Baltic markets of Estonia, Latvia and Lithuania are braced for another challenging year as the economic and consequently consumer rebounds that are gathering across many emerging markets largely escape the region, which was thoroughly struck down by the global financial meltdown. With the aftershocks still being felt, BMI believes Baltic-based food and drink companies will be bracing themselves for another year of significant cost cutting with the outlook for volume and earnings growth appearing

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