Republic of Latvia : Selected Issues

Publication Date: January 28, 2013

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Summary: This note presents estimates of potential growth and the output gap in Latvia. The estimates suggest that the output has marked below potential in the early 2000s but the output gap becomes positive and large after EU accession. With unemployment still well above its natural level, the output gap is estimated to be negative in 2012, but is expected to narrow gradually and be closed in the next 3–4 years. Potential growth is expected to be substantially lower than in 2002–07.
Series: IMF Staff Country Reports
Subject(s): Selected issues | Economic growth | Production | Fiscal reforms | Public enterprises | Education | Latvia

Publication Date: January 28, 2013
ISBN/ISSN: 9781475578522/1934-7685 Format: Paper
Stock No: 1LVAEA2013002 Pages: 54
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