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Monday, 20.05.2013, 04:41
If the financially-troubled metallurgical company Liepajas metalurgs is shut down, Latvia's economic growth will be reduced 0.6-0.7% this year, Bank of Latvia President Ilmars Rimsevics predicted during a press conference yesterday, cites LETA/Nozare.lv.
Keyword tags: Economics, GDP, Latvia, Markets and Companies, Metals Market
Latvia registered the highest gross domestic product growth year-on-year and the second highest quarter-on-quarter growth in the European Union in the first quarter of 2013, according to initial estimates published by Eurostat, the statistical office of the European Union, writes LETA.
On 3 May, the Executive Board of the International Monetary Fund (IMF) approved the report on Estonia's economy and outlook, which acknowledged Estonia's current comprehensive economic policy and stressed the need for a medium-term fiscal framework, Estonia's central bank Eesti Pank announced, writes LETA.
Estonia's central bank Eesti Pank said on Monday, commenting upon the fresh economic growth data that the economic growth reflects a slowdown in investment, reports LETA.
According to the flash estimates of Statistics Estonia, the gross domestic product (GDP) of Estonia increased by 1% in the 1st quarter of 2013 compared to the same quarter of the previous year.
Strong economic recovery is continuing in Latvia, and this year Latvia's economic growth is projected at about 4%, the International Monetary Fund mission representatives told a press conference in Riga today, informs LETA/Nozare.lv.
In the 1st quarter of 2013, compared to the 1st quarter of 2012, gross domestic product (GDP) value (seasonally unadjusted data) has increased by 3.1%, according to flash estimate of the CSB.