Positive Latvian economy statistic

Latvian exports grew by 18.1% year-on-year in January 2008 while imports grew by 3.1%. As a result, the Latvian trade deficit is now at 247.5 mln lats (353 mln euros) per month, the lowest level since May 2006.

So, the Latvian trade imbalance is correcting itself but slowly. The multi-billion-dollar question is: will Scandinavian banks have the patience to provide enough credit for Latvia until the trade balance is fine? Given the recent developments, I have some doubts about that...