Latvia Freight Transport and Shipping Report 2018
We anticipate 2018 to see a slowdown in growth across all of the freight modes in Latvia as growth begins to normaliseto a more stable level. We believe that rapidly rising wage growth, an external economic shock emanating from the eurozone, or apolitical shock damaging relations with Russia, are the main risks facing the otherwise strong growth outlook in Latvia. Weforecast real GDP growth in Latvia of 3.2% in 2018, while we envisage similar growth in 2019.
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