Analytics, Economics, GDP, Inflation, Latvia

International Internet Magazine. Baltic States news & analytics Monday, 21.05.2018, 23:27

Dombrovskis: the latest GDP and inflation figures in Latvia are positive

Nina Kolyako, BC, Riga, 10.06.2012.Print version
The latest gross domestic product (GDP) and inflation figures are positive, Prime Minister Valdis Dombrovskis (Unity) told members of the press on Friday.

As reported, compared to the first quarter of 2011, Latvia's GDP in the first quarter of 2012 has increased by 6.9%. Meanwhile, in comparison with May 2011, consumer prices increased 2.2% in May 2012, according to information from the Central Statistical Bureau.


Evaluating the GDP growth, the prime minister admitted that it is the largest increase in the European Union, writes LETA.


''This shows that we have recovered from the crisis,'' Dombrovskis said.


On the other hand, assessing the inflation figures, Dombrovskis predicted that the with planned reduction of the VAT rates, he hopes that the government will be able to keep the inflation rate under control.

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