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Growth numbers downgraded

  • 2014-09-03
  • From wire report
RIGA - Swedbank has cut Latvia’s economic growth forecast to 2.5 percent this year, reports In 2015, Latvia’s economic growth could increase by 2.6 percent, it says. In 2016, Latvia’s GDP could increase by 3.5 percent, said senior economist at Swedbank Lija Strasuna.In April, Swedbank lowered its original forecast for GDP growth - from 4.8 to three percent this year. Meanwhile, inflation could remain moderate at 0.8 percent in 2014.The Central Statistical Bureau indicates that in the second quarter of 2014, Latvia’s economy grew by 2.5 percent. Ac...
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