Whereas global economy growth continued to slow down in Q3 2012, and the euro zone economy entered recession. In order to support growth, the European Central Bank announced beginning of the new programme, under which bonds will be bought on the market without amount limitation. The FRS also implemented long-awaited QE3 programme. The world’s financial markets were enthusiastic about these decisions, and leading global stock indexes ended the quarter with a good increase, whereas MSCI stock index grew by . In the reporting period, Latvian economic indicators still were much better than average in the European Union. During the quarter, the unemployment rate decreased from .
