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Sunday, 04.12.2016, 16:15
The weak economic growth in Latvia is still attributable to the fast drop in investments. The information published today by the Central Statistical Bureau indicates that gross domestic product (GDP) has grown by 0.2% (at constant prices; seasonally and working day adjusted data) quarter-on-quarter and year-on-year growth has been only 0.3%. Full GDP estimate is 0.4 p.p lower than the flash estimate published at the end of October.
Keyword tags: Analytics, Banks, Economics, Latvia, Markets and Companies
Data compiled by the Central Statistical Bureau show that in the 3rd quarter of 2016, as compared to the 2nd quarter, gross domestic product (GDP) at constant prices increased by 0.2%, according to seasonally and calendar adjusted data.
In October, the increase on all loans granted to households is worth noting: housing, consumer and all other loans were on the rise. Such an increase was observed for the first time after a drop over several consecutive years. The total balance of domestic loans, however, dropped slightly in October, with business lending dropping slightly. With finances growing in the bank accounts of both non-financial companies and households, the balance of deposits attracted by banks grew.
Italy’s Constitutional Referendum: What Are the Possible Scenarios for the Italian Financial Sector?29.11.2016
“Currently, there is no clear line of sight between the results of Italy's constitutional referendum and the ultimate destiny of Italian banks. Many plausible scenarios point to a narrowing of options for the banks in distress, and broadly bad news should NO prevail - but the question is, how bad?”
Statistics Lithuania informs that in III quarter 2016 average gross monthly earnings in the whole economy (excl. individual enterprises) totalled EUR 793.3: in the public sector2– EUR 806.6, in the private – EUR 786.7. Against II quarter 2016, average gross monthly earnings in the whole economy increased by 2.8%: in the public sector – by 3, in the private – by 2.7%.
In October this year, Latvia recorded the third highest inflation rate among EU member states, according to the latest data released on Thursday by Eurostat writes LETA.