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Macro - Country Economic Forecasts - Latvia

Publisher Oxford Economics
Published Jan 31, 2025
Length 6 Pages
SKU # OFE19593679

Description

We've cut our 2025 GDP growth forecast for Latvia by 0.4ppts to 2.3%. While we estimate a modest pick-up in activity in the final quarter of 2024 ended the year-long recession, the momentum at the turn of the year was soft. We expect recovery will proceed this year, setting the stage for the above-3% GDP growth in 2026 amid a continued rebound in domestic demand and some improvement in the external environment. But risks are skewed to the downside.

Table of Contents

6 Pages
Latvia: Activity to recover gradually amid stronger demand
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

Pricing

Currency Rates
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