Economics

International Internet Magazine. Baltic States news & analytics Sunday, 22.09.2019, 00:49

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Bank of Latvia cuts GDP growth projection for this year to 2.5%

Bank of Latvia cuts GDP growth projection for this year to 2.5%

20.09.2019

The Bank of Latvia has lowered its gross domestic product (GDP) growth projection for this year from 2.9 percent to 2.5 percent, according to adjusted data, and the growth projection for 2020 from 3.1% to 2.6%, the Bank of Latvia Governor Ilmars Rimsevics told LETA.

Keyword tags: Analytics, Economics, Financial Services, GDP, Latvia



Wage increases result in higher prices: Empirical investigation

Wage increases result in higher prices: Empirical investigation

18.09.2019

Labour costs are one of the main factors affecting consumer prices of goods and services, according to our recent research*. When the average wage increases by 10%, the consumer price level in Latvia rises by 3% in the medium term; moreover, three fourths of the pass-through take place during the first year after the wage rise.

The current account deficit stood at 1.3% of GDP in the second quarter

The current account deficit stood at 1.3% of GDP in the second quarter

13.09.2019

With the value of exports of goods declining and thus exerting a downward pressure on the overall trade balance, the current account overall recorded a deficit of 96.8 million euro or 1.3% of GDP in the second quarter of 2019.


Estonia: Moderate price growth will continue in the near future

Estonia: Moderate price growth will continue in the near future

10.09.2019

Consumer prices were up 2.4% on a year earlier in August. Inflation was slowed most by energy prices, but pushed up by rising prices for services.

GDP has grown by 2.0% in Q2 in Latvia

GDP has grown by 2.0% in Q2 in Latvia

30.08.2019

Data compiled by the Central Statistical Bureau (CSB) show that in the 2nd quarter of 2019, compared to the 2nd quarter of 2018, the gross domestic product (GDP) (seasonally and calendar non-adjusted data) increased by 2.0%. In the 2nd quarter GDP at constant prices was EUR 7.7 bn.


30.08.2019

Estonia: Economic growth slowed down in the 2nd quarter

According to Statistics Estonia, gross domestic product (GDP) of Estonia increased 3.6% in the 2nd quarter of 2019 compared to the same period of the previous year.

29.08.2019

Estonian econmin: Finmin's proposal re public-private partnership meriting consideration

Estonian Minister of Economic Affairs and Infrastructure Taavi Aas said that the suggestion by Minister of Finance Martin Helme to reconstruct Estonia's roads into four-lane highways with the help of public-private partnership (PPP) merits consideration, reported LETA/BNS.

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