On macroeconomic forecasts by Latvijas Banka

  • 2020-03-26
  • LB/TBT Staff
Latvijas Banka has revised its gross domestic product (GDP) and inflation forecasts for Latvia. Considering the latest global economic developments, including the implications of the outbreak of coronavirus COVID-19, Latvijas Banka has revised downwards its forecast of Latvia's GDP growth for 2020 to –6.5% and that of inflation growth to 0.5% (2.6% and 2.4% in December 2019 projections accordingly). Moreover, in view of the heightened uncertainty surrounding the forecasts, they may be subsequently adjusted significantly in case of insufficient progress being made worldwide in limi...
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