Turn of the tides for Baltic tigers ?

Is the last years escalating inflation the main reason behind the downturn of the Baltic economies ? Analysts are getting worried about the Baltic economy. According to the Baltic Times the Swedish Central Bank boss Bengt Dennis has called for a cautious strategy for investors in the Baltic markets. “We are very uncertain about the depth of the correction. The sharp slowdown in Estonia will be followed by a much sharper slowdown in Latvia... a sharp decline is setting in now,” Dennis told an audience of seasoned investors in the region.