Quiz: Which country had the lowest rate of economic growth in 2009?

Quiz question for the week: Which country had the lowest rate of economic growth in 2009? a) Latvia    b) Lithuania    c) Iceland (For those of you who don’t subscribe to the bimonthly print edition of Foreign Policy, you’re missing a great feature: the FP Quiz. It has eight intriguing questions about how the world works.) ...

ILMARS ZNOTINS/AFP/Getty Images
ILMARS ZNOTINS/AFP/Getty Images
ILMARS ZNOTINS/AFP/Getty Images

Quiz question for the week:

Which country had the lowest rate of economic growth in 2009?

a) Latvia    b) Lithuania    c) Iceland

Quiz question for the week:

Which country had the lowest rate of economic growth in 2009?

a) Latvia    b) Lithuania    c) Iceland

(For those of you who don’t subscribe to the bimonthly print edition of Foreign Policy, you’re missing a great feature: the FP Quiz. It has eight intriguing questions about how the world works.)

Answer after the jump …

B, Lithuania. Lithuania’s economy shrank 18.5 percent in 2009, while the decrease was 18 percent in Latvia and 14 percent in Estonia, according to IMF estimates. From 2000 to 2007, the Baltic economies were roaring, in part due to economic liberalization and relatively low-cost labor. But the credit boom turned into a credit crunch with the financial crisis. Although Lithuania had a slightly worse economic crash last year, Latvia has received much attention due to the 7.5 billion euro bailout it received from the European Union, the IMF, and others in 2008 and the collapse of its government in February 2009.

Preeti Aroon was copy chief at Foreign Policy from 2009 to 2016 and was an FP assistant editor from 2007 to 2009. Twitter: @pjaroonFP

More from Foreign Policy

An illustration shows George Kennan, the father of Cold War containment strategy.
An illustration shows George Kennan, the father of Cold War containment strategy.

Is Cold War Inevitable?

A new biography of George Kennan, the father of containment, raises questions about whether the old Cold War—and the emerging one with China—could have been avoided.

U.S. President Joe Biden speaks on the DISCLOSE Act.
U.S. President Joe Biden speaks on the DISCLOSE Act.

So You Want to Buy an Ambassadorship

The United States is the only Western government that routinely rewards mega-donors with top diplomatic posts.

Chinese President Xi jinping  toasts the guests during a banquet marking the 70th anniversary of the founding of the People's Republic of China on September 30, 2019 in Beijing, China.
Chinese President Xi jinping toasts the guests during a banquet marking the 70th anniversary of the founding of the People's Republic of China on September 30, 2019 in Beijing, China.

Can China Pull Off Its Charm Offensive?

Why Beijing’s foreign-policy reset will—or won’t—work out.

Turkish Defense Minister Hulusi Akar chairs a meeting in Ankara, Turkey on Nov. 21, 2022.
Turkish Defense Minister Hulusi Akar chairs a meeting in Ankara, Turkey on Nov. 21, 2022.

Turkey’s Problem Isn’t Sweden. It’s the United States.

Erdogan has focused on Stockholm’s stance toward Kurdish exile groups, but Ankara’s real demand is the end of U.S. support for Kurds in Syria.