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

Publication Date: January 28, 2013
Electronic Access: Free Full text (PDF file size is 1,668KB).
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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(s): Article IV consultation reports | Economic recovery | Economic growth | Fiscal policy | Fiscal reforms | Fiscal sustainability | Reserves | Banking sector | Economic indicators | Post-program monitoring | Staff Reports | Public information notices | Latvia

Publication Date: January 28, 2013
ISBN/ISSN: 9781475519839/1934-7685 Format: Paper
Stock No: 1LVAEA2013001 Pages: 70
US$18.00 (Academic Rate:
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