Trade spillovers hit Baltics most

Trade channels dominate the transmission of cross-border spillovers to the Baltic States, a new paper from the International Monetary Fund reveals.

The research shows that there are significant cross-country spillovers to the Baltic States - Estonia, Latvia and Lithuania - from the European Union (EU) countries and Russia, their major trading partners, with those spillovers from the EU outweighing spillovers from Russia. The research shows that for this reason the downside risks to growth

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