Latvia: Selected Issues and Statistical Appendix

June 4, 1998

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Latvia: Selected Issues and Statistical Appendix, (USA: International Monetary Fund, 1998) accessed September 18, 2024

Summary

This Selected Issues paper and Statistical Appendix highlights that the real GDP growth in Latvia accelerated in the second half of 1997, and is estimated at 6 percent for the year. Growth was broad-based, with particularly strong performance in the services sector and construction, and has been led by increased investment, with real capital formation rising by an estimated 10 percent, and enhanced efficiency. Reflecting the strong economic growth, official unemployment has begun to decline, falling from 7½ percent in mid-year to 6.7 percent at end-January 1998.

Subject: Employment, Labor, Labor markets, Unemployment, Wages

Keywords: Baltics, Central and Eastern Europe, CR, Current account, Eastern Europe, Employment, Europe, Exchange rate, Financial market, Investment funds, ISCR, Job creation, Labor market, Labor markets, Market share, Minimum wage, Private sector, Retirement age, U.S. dollar, Unemployment, Wages

Publication Details

Pages:

146
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1998/047
Stock No:

1LVAEA0011998
ISBN:

9781451824414
ISSN:

1934-7685

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