Republic of Latvia : 2012 Article IV Consultation and Second Post-Program Monitoring Discussions

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

January 28, 2013

Electronic Access:

Free Full text (PDF file size is 1668 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Latvia has rebounded from the crisis, after successfully undertaking a difficult adjustment program. The recovery has been well balanced between external and domestic demand. The labor market is improving but unemployment is still high. Past consolidation efforts have brought down the fiscal deficit. The banking system is recovering. Nonresident deposits in the banking system have been expanding rapidly. Economic growth is expected to weaken slightly in 2013, before picking up later. Euro adoption in 2014 appears within reach, subject to some technical uncertainties.

Series:

Country Report No. 13/28

Subject:

English

Publication Date:

January 28, 2013

ISBN/ISSN:

9781475519839/1934-7685

Stock No:

1LVAEA2013001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

70

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