Current account up

  • 2004-09-09
  • Baltic News Service
RIGA - Latvian analysts said this week that the rapid rise in imports would push the country's current account deficit to as high as some 10 percent of GDP this year.

Latvijas Unibanka analyst Andris Vilks predicted that the current account deficit for the first six months of the year would be 14 percent of GDP while for the whole of the year it would amount to over 10 percent.
"Imports are driven by unabated consumption 's pushed up still higher by European Union structural funds," he said.
Hansabank Market analyst Liene Kule predicted that for the whole of the year the current account deficit could be 9 percent 's 10 percent of GDP.