wiiw Forecast Reports
LATVIA: In the midst of a soft landing
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in: Braced for Fallout from Global Slowdown
wiiw Forecast Report No. Autumn 2019, November 2019 , pp. 80-83
Economic growth has almost halved in comparison to the last two boom years. Investment growth has slowed, although household consumption remains robust. Although abating slightly, exports have grown more strongly than expected so far in 2019. Despite the economic slowdown, the labour market is tightening further with the unemployment rate falling towards 6.5% in 2019. This year, we expect GDP growth to decline to 2.7%, followed by a further slowdown to 2.2% in 2020 and amelioration to 2.4% in 2021.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Latvia