wiiw Forecast Reports
LATVIA: Economic activity is losing steam
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The slowdown of external demand in the Baltic region will have a negative impact on the pace of the Latvian economy, whereas the large rises in wages will keep the spending mood alive and well among households. Although the prospects for entrepreneurs are subdued, private investment has revived compared to last year; it will permit the GDP to grow by 2.5% over the current year.
Countries covered: Latvia