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.
Category: Latvia
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.
2021-08-21
Energy turns on inflation alarm in Estonia
Energy prices are 22% higher and inflation will be maintained in the coming months by rising prices on the global market for raw materials and imported goods.
2021-06-19
In Latvia, digital transformation requires institutional coordination and coherence
In front of a declining population due to ageing and emigration, digital innovation becomes crucial to increasing productivity and living standards.
2021-03-27
Latvia’s recovery builds on construction and EU support
The 2020 recession is due to a fall in consumption representing 58% of GDP. The industry is expected to be driven by housing demand and major infrastructures.
2021-01-30
In Latvia, growth will return in the second quarter: +3.3% for 2021
Great hope is placed on the active contributions of ICT technologies, where growth in Latvian industry this year could reach 3-4%.
2020-12-12
In Latvia, skilled emigration and recycling hold back growth potential
Latvian GDP growth fell by -9.2% and the current account deficit is on the rise. Loans to the private sector are held back by an extensive informal sector.
2020-10-17
Shock Therapy impact and perspective: a brief historical insight
A little bit of history: shock therapy impact and perspective.