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Both countries enjoyed fast GDP growth when credit was cheap.
Because fast GDP growth and the capital flows it attracts will eventually spur higher inflation, the authorities' ability to stop a real currency appreciation is limited.
Regardless of how fast GDP grows, an economic system that fails to deliver gains for most of its citizens, and in which a rising share of the population faces increasing insecurity, is, in a fundamental sense, a failed economic system.
Last month's 0.7% increase fueled inflation fears that had been kindled by the fast GDP growth reported for the first quarter.
Russia needs to have structural reforms to improve the investment climate, so spending more and more on stimulus could just create more inflation but not durable fast GDP growth.
Interestingly, the GTPase activity of a Roc-COR tandem domain from Chlorobium tepidum, a prokaryotic homologue of LRRK2, shows a low affinity for nucleotide and fast GDP dissociation, suggesting that LRRK2 may not require a classical RhoGEF for GTPase activity (10).
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Bold privatisation would go some way, but in the long run what is needed is faster GDP growth.
Last year Austria's economy had faster GDP growth, lower inflation and a lower unemployment rate than the OECD average.
There were parallels between the lower unemployment rates and faster GDP growth for the eurozone, said Bert Colijn, senior eurozone economist at ING bank.
The working-age population has recently been increasing at its fastest for over 20 years, which should feed through to faster GDP growth.
The economic recovery will continue, though, with Latvia recording the fastest GDP growth rate in the EU.Related topics Business Economies LatviaTo watch: Lat adopter.
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