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Bank of Latvia keeps GDP growth forecast at 2% for 2015; reduces inflation forecast
BC, Riga, 07.06.2015.
Print version
Print versionThe Bank of Latvia says Latvia's GDP growth forecast for the year 2015 remains at 2%, while the inflation forecast has been reduced to 0.7%, reports LETA.
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In January 2015, the Bank of Latvia reduced Latvia's GDP forecast for 2015 from 2.7 to 2%, taking into account the geopolitical situation, problems with Russia's economy, and the weak eurozone. Bank of Latvia President Ilmars Rimsevics said in a press conference today that the bank's forecasts for economic growth were precise.
This is why the growth forecast for 2015 remains fixed – 2% of GDP.
With the situation in the external environment gradually improving, GDP growth in 2016 could slightly improve, namely, to 3%. However, the risks remain high, Rimsevics said.
The bank's current inflation forecast for 2015 is 0.7%, which is slightly lower than the previously-estimated 0.9%.
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