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Latvia to show strongest economic growth in Baltics this year

  • 2017-01-11
  • BNS/TBT Staff

RIGA - In its latest economic forecast, the World Bank projects that Latvia's GDP will grow by 3.1 percent this year, which will be the strongest growth in the Baltics this year.

According to the World Bank, Latvia's GDP will grow 3.5 percent in 2018 but will slow down to 3.4 percent in 2019.

Lithuania's economy will grow three percent this year, 3.3 percent in 2018 and 3.2 percent in 2019, according to the World Bank.

Meanwhile, Estonia's GDP will grow 2.5 percent this year, as well as by 3.1 percent in 2018 and 2019.

The eurozone's economy will grow by 1.5 percent this year, and by 1.4 percent in both 2018 and 2019, the World Bank projects.

Meanwhile, the global economy will grow by 2.7 percent this year, and by 2.9 percent in 2018 and 2019.