wiiw Forecast Reports
LATVIA: Economic activity is losing steam
publication_icon
in: On Thin Ice: CESEE Core Resilient in the Face of EU Stagnation and the Ukraine Crisis
wiiw Forecast Report No. Autumn 2014, November 2014 , pp. 65-67
LATVIA
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.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Latvia