Congratulations to both Iceland and Latvia

| October 22, 2012 | 0 Comments

Iceland’s unemployment rate has fallen to 5pc. The country has maintained its social cohesion and prevented the wastage of job skills. It has lessened “hysteresis” damage of deep slump on the supply-side economy. The crisis strategy allowed the exchange rate to take the hit (36pc trade-weighted devaluation), not the work force. Iceland has recovered its […]

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