wiiw Forecast Reports
LATVIA: Headwind from the east
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in: A Time of Moderate Expectations
wiiw Forecast Report No. Spring 2015, March 2015 , pp. 67-68
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LATVIA
Prospects for the Latvian economy in 2015 have gradually deteriorated over the past few months. The major devaluation of the Russian rouble and the Russian economic slump will drag down the volume of Latvian exports. Entrepreneurs will thus be reluctant to expand their investment activities – at least not before 2016. It is expected, however, that household consumption will keep the Latvian economy buoyant, increasing by 2.1% in 2015 before a revival in external demand sets in and revitalises economic activity overall.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Latvia