Republic of Latvia: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the Republic of Latvia

Publication Date: May 08, 2014
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Summary: Latvia entered the euro area in January 2014 with the fastest rate of growth in Europe. The 2014 Article IV Consultation highlights that a slowdown in investment and exports was partly compensated by robust consumption demand, supported by rising real wages, bringing GDP growth in 2013 to 4.1 percent. Strong job creation reduced the unemployment rate to 11.3 percent by end-2013, close to its structural level. Consumer price inflation fell to an average of about zero in 2013, mainly owing to weakening energy prices. The 2013 general government deficit outturn of 1.0 percent of GDP was below the target of 1.4 percent.
Series: Country Report No. 14/115
Subject(s): Article IV consultation reports | Economic recovery | Economic growth | Fiscal policy | Labor markets | Fiscal reforms | Banking sector | Bank credit | Bank supervision | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Latvia

Publication Date: May 08, 2014
ISBN/ISSN: 9781484376294/1934-7685 Format: Paper
Stock No: 1LVAEA2014001 Pages: 51
US$18.00 (Academic Rate:
US$18.00 )
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