Fast economic rebound has dispelled worries about prolonged deflation - bank analysts

  • 2020-08-10
  • LETA/TBT Staff
RIGA - A fast rebound of the Latvian economy has dispelled concerns about a prolonged deflation, although seasonality might cause consumer prices to drop again in August, the surveyed bank analysts told LETA.  Dainis Gaspuitis, a macroeconmics expert at SEB Banka, noted that the monthly price hikes in July were slightly unusual for the price cycle but that the economy convincingly started to break loose from the Covid-19 grip, which revived consumption and accordingly also the prices.  "In August, prices will probably reflect traditional ...
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