wiiw Forecast Reports
LATVIA: EU funds push up growth rate
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in: Cautious Upturn in CESEE: Haunted by the Spectre of Uncertainty
wiiw Forecast Report No. Spring 2017, March 2017 , pp. 86-88
LATVIA
Our GDP growth forecast for Latvia for 2017 stands at 2.5%. Private and particularly public investment activity will rally. The inflow of EU funds is expected to amount to 2.6% of GDP this year. After a steep decline in recent years, exports to Russia have again started to increase. Household consumption has developed rapidly and will continue, due to rising real wages. In both 2018 and 2019, we expect a further upswing in GDP growth to 2.7% and 2.8%, respectively.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Latvia