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Assignment: Latvia: Coping with Crisis

Until recently, little Latvia appeared to have a rosy future. It was the fastest growing economy in Europe. But now that boom looks like a mirage. No country in the EU has by...

Until recently, little Latvia appeared to have a rosy future. It was the fastest growing economy in Europe. But now that boom looks like a mirage. No country in the EU has been worse hit by the global recession. Its economy has been in freefall, property prices have collapsed, unemployment has been rising rapidly. Six months ago, Assignment visited several Latvians from various walks of life to see how they were affected by the crisis – now the programme returns to find out how these same individuals are coping as the recession deepens.

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23 minutes

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