Next year the economic slowdown will most likely deepen. The positive point is the IMF help package, which is nevertheless linked to austerity measures.
Going further, the situation in Latvia is bad, but also interesting from an economic point of view - it even led to the creation of a specialised blog: http://latviaeconomy.blogspot.com/.
Nevertheless, probably the most bizarre phenomenon is the initiative of young Latvian students. As Gazeta.pl (a major Polish web portal) wrote, a group of them decided to mock government actions and formulated a petition in which they request Sweden to take over Latvia (!).
The petition can be found here.
Although the petition is a clear joke with political undertones, it is true that Sweden experienced a financial crisis at the turn of the 1990s. And yes: some compare today's global crisis to the Swedish experience.
Is there, nonetheless, any lesson from the Swedish crisis for Latvia?