Republic of Latvia Staff Report for the 2015 Article IV Consultation

This 2015 Article IV Consultation highlights that Latvia’s strong recovery has recently slowed in the face of sluggish growth in the euro area and deteriorating economic conditions in Russia amid rising geopolitical tensions. GDP growth decelerated to 2.4 percent in 2014 reflecting weak demand and t...

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Bibliographic Details
Corporate Author: International Monetary Fund European Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2015
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Finance, Public 
653 |a Credit 
653 |a Public debt 
653 |a Income 
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653 |a Labour; income economics 
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653 |a Banks and banking 
653 |a Debts, Public 
653 |a Exports and Imports 
653 |a Mortgages 
653 |a International Lending and Debt Problems 
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653 |a National accounts 
653 |a Money 
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653 |a Depository Institutions 
653 |a Commercial banks 
653 |a Monetary economics 
653 |a Debt Management 
653 |a Micro Finance Institutions 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Debt 
653 |a Trade: General 
653 |a Aggregate Factor Income Distribution 
653 |a International economics 
653 |a Debts, External 
653 |a Sovereign Debt 
653 |a Exports 
653 |a Banks and Banking 
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653 |a Money and Monetary Policy 
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520 |a This 2015 Article IV Consultation highlights that Latvia’s strong recovery has recently slowed in the face of sluggish growth in the euro area and deteriorating economic conditions in Russia amid rising geopolitical tensions. GDP growth decelerated to 2.4 percent in 2014 reflecting weak demand and the prolonged closure of a steel manufacturer. In 2015, the weak external environment, particularly the sharp slowdown in Russia, will continue to weigh on exports and investment. This is expected to be mitigated, but not fully offset, by higher disposable income owing to lower oil prices and robust real wages, the reopening of the steel manufacturer, and the accommodative monetary stance of the European Central Bank