Republic of Latvia 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Latvia

This 2018 Article IV Consultation highlights that Latvia’s government revenues overperformed in 2017, buoyed by strong economic activity and wage growth. Nonetheless, the 2017 general government structural balance recorded a deficit of 0.8 percent of GDP, which resulted in a positive fiscal impulse...

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Bibliographic Details
Corporate Author: International Monetary Fund European Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2018
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a Latvia, Republic of 
653 |a Public debt 
653 |a Finance 
653 |a Labour; income economics 
653 |a Public finance & taxation 
653 |a Wages, Compensation, and Labor Costs: General 
653 |a Debt Management 
653 |a Debts, Public 
653 |a Fiscal Policy 
653 |a Debt 
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653 |a Crime 
653 |a Exports and Imports 
653 |a Fiscal policy 
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653 |a Debts, External 
653 |a External debt 
653 |a Labor 
653 |a Illegal Behavior and the Enforcement of Law 
653 |a Sovereign Debt 
653 |a Criminology 
653 |a Money laundering 
653 |a Banks and Banking 
653 |a Labor market 
653 |a Macroeconomics 
653 |a Anti-money laundering and combating the financing of terrorism (AML/CFT) 
653 |a Banking 
653 |a Wages 
653 |a Corporate crime; white-collar crime 
653 |a Public Finance 
653 |a Finance: General 
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520 |a This 2018 Article IV Consultation highlights that Latvia’s government revenues overperformed in 2017, buoyed by strong economic activity and wage growth. Nonetheless, the 2017 general government structural balance recorded a deficit of 0.8 percent of GDP, which resulted in a positive fiscal impulse rendering fiscal policy procyclical. Despite the suspension of activities of Latvia’s third largest bank on money laundering concerns, the banking system remains well capitalized and liquid, with capital-to-risk-weighted assets of 22.4 percent and liquid assets exceeding 80 percent of short-term liabilities at end-March 2018. Deleveraging of both households and nonfinancial corporations continued, with household debt to income now at half of its pre-crisis levels