Analytics, Economics, GDP, Latvia
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Friday, 19.04.2024, 11:18
Swedbank cuts Latvia's economic growth forecast to 2.5% in 2014
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In 2015, Latvia's economic growth could increase by 2.6%. In 2016, Latvia's gross domestic product could increase by 3.5%, senior economist at Swedbank Lija Strasuna informed LETA.
In April, Swedbank lowered its original forecast for gross domestic product (GDP) – from 4.8 to 3% this year.
Meanwhile, inflation in Latvia could remain moderate – 0.8% in 2014.
The Central Statistical Bureau indicates that in the second quarter of 2014, Latvia's national economy has grown by 2.5%. According to seasonally adjusted data, as compared to the first quarter of 2014, Latvia's GDP grew one% in the second quarter of 2014.
In the first quarter of 2014, GDP increased 2.8% (seasonally non-adjusted data), as compared to the first quarter of 2013, whereas in comparison with the fourth quarter of 2013, it grew 0.6% (seasonally adjusted data). In the first quarter of 2014, GDP at current prices comprised EUR 5.3 billion.
In 2013, Latvia's GDP increased 4.1% from 2012.
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