wiiw Current Analyses and Forecasts
Latvia: Eurozone within reach
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in: Fasting or Feasting? Europe - Old and New - at the Crossroads
wiiw Current Analyses and Forecasts No. 10, July 2012 , pp. 71-74
Latvia is heading towards Eurozone accession and shall fulfil the Maastricht inflation and deficit criteria this year. However, the unemployment rate still amounts to more than 15% and the competitiveness of the industrial sector will remain a sore point of the Latvian economy. With sluggish export developments domestic demand is the trigger of GDP growth this year and 2013.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Latvia