wiiw Forecast Reports
LATVIA: Construction pushes growth but some slowdown ahead
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in: Strong Growth Amid Increased Negative Risks
wiiw Forecast Report No. Autumn 2018, November 2018 , pp. 100-103
Both public and private investment have kept the economy growing at a high pace in 2018 and exports evolved more strongly than expected. Household consumption is also rising rapidly; a tightening labour market and the 2018 income tax reform will provide further stimulus. While public spending is likely to expand quickly, we assume external demand growth to abate gradually. In 2018 we expect another year with high GDP growth of 4.1%, followed by a slight slowdown to 3.3% in 2019 and 2.7% in 2020.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Latvia