1 “... in advanced economies, and geopolitics...”

2 “...While geopolitical tensions with Russia had already curtailed Ukraine’s access to markets...”

3 “... proximity to Russia, the geopolitical context, and high passthrough from global energy prices to domestic...”

4 “... spikes due to geopolitical tensions, weaker activity in advanced European economies, and an escalation...”

5 “... geopolitical tensions. GDP growth decelerated to 2.4 percent in 2014 reflecting weak demand and the prolonged...”

6 “... economies or changes in the country risk premium. Other risks center on slower European growth, geopolitical...”

7 “..., or geopolitical tensions could dampen growth, while a faster recovery in Europe or the resolution of trade issues...”

8

9 “...Latvia is facing an inflation shock, slow growth, and geopolitical challenges, while the long-term...”

10 “... risks are mainly geopolitical and could in particular lead to financial spillovers. Financial sector...”

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