wiiw Forecast Reports
LATVIA: Consumers in excellent mood
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In the first year of Latvia’s accession to the euro area we expect a slight upswing of economic growth to 4.2% driven by improving conditions in the main trading partners and rising investment in machinery and equipment. The government reshuffle at the beginning of this year will not result in a change of economic policies pursued so far. Also in 2015 and 2016 GDP growth will amount to about 4% since household consumption will be supported by strongly rising wages.
Countries covered: Latvia