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Wednesday, 24.04.2024, 06:23
Swedbank reduces Latvia's growth forecast for 2015 to 1.9%
BC, Riga, 27.01.2015.
Print version
Print versionSwedbank has reduced Latvia's GDP growth forecast for the year 2015 to 1.9%, reports LETA.
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Just this past fall, Swedbank predicted that Latvia's national economy will grow by 2.6% this year.
Swedbank chief economic expert Lija Strasuna explained that the economic growth forecast has been reduced mostly due to the situation in Russia.
Inflation forecasts have also been reduced.
Strasuna also explained that budget revenue is also expected to be less than previously expected, and that the budget deficit this year will be closer to 1.5% of GDP, not the previously planned 1% of GDP.
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