2022-07-09
Private savings, not monetary pumping, will boost economic growth
In Latvia, inflation was on the rise in June (+19.3% YoY). Businesses transferred the cost increase to the prices and made consumers pay for it.
Category: Latvia
2022-06-04
Rail Baltica is the hope for rail carriages and Riga’s logistics
As the price of almost all goods and services continued to increase, the scenario in Latvia is worsened by the transport sector.
2022-04-30
Stagflation is the price of superseding efficiency with political agenda
In Latvia, inflation projections for 2022 and 2023 have been revised upwards. The uptrend in prices is driven by several factors, mainly political.
2022-03-19
When growth is consumption-driven, inflation is the price
The Latvian economy already returned to its pre-pandemic level in 2021, only thanks to household consumption, wage growth and savings.
2022-02-05
Damage to competitiveness isn’t transitory, hope and rhetoric are
Riga is facing multiple challenges: energy prices, increasingly unemployed, a domestic market fall, global supply chain disruptions.
2021-12-25
Productivity and competitiveness overcome any narrative on “transitory” factors
GDP growth projections for 2021-22 have been revised downwards, hit by shortages of materials, equipment, labour and rising energy costs.
2021-12-11
Inflating consumer’s demand is not the antidote to the pandemic
In Latvia, real GDP has decelerated, hit by production and supply disruptions. The growth of purchasing power is uneven and exceeded by wages.
2021-10-23
Inflation is here, but hope is hard to die
Latvia’s GDP growth estimates for 2021 have been revised upwards to 5.3%, as well as inflation which is expected to reach 5% by the end of the year.
2021-09-18
ELWIND: Made in Baltic wind to turn off energy costs
The offshore wind farm is a joint Estonia-Latvia project with a total capacity of 700-1000 MW, and will provide over 3 TWh of renewable energy per year.
2021-08-28
Latvian economic growth goes hand in hand with deficits and inflation
The Latvian central bank indicates an increase in GDP of 3.3% this year and 6.5% in 2022. Budget deficit and inflation forecasts are revised upwards.