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Friday, 26.04.2024, 17:33
European Commission projects Latvian economy to show fastest growth among Baltic states in 2018
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In 2019, the European Commission projects Latvia’s economic
growth rate to slow down to 3.2% and in 2020 to 2.9%.
Latvia’s annual inflation is forecast at 2.7% for this and
next year. In 2020, Latvia’s HICP (Harmonized Indices of Consumer Prices)
inflation is expected to drop to 2.4%.
Estonia is likely to show the second strongest growth in the
Baltics, with its GDP growth for this year projected at 3.5 %. The growth of
the Estonian economy will slow down to 2.8% in 2019 and to 2.6% in 2020,
according to the European Commission’s forecast. Inflation in Estonia is
forecast at 3.5% for 2018, 3.3% for 2019 and 2.5% for 2020.
Lithuania’s GDP is projected to grow 3.4% this year, 2.8%
next year and 2.5% in 2020. Lithuanian inflation is forecast at 2.6 % for this
year, 2.2% for 2019 and 2.1% for 2020.
The European Union’s economic growth is projected at 2.2%
for this year, 2% for next year and 1.9% for 2020. The euro area is expected to
show 2.1% growth this year, 1.9% growth in 2019 and 1.7% in 2020.
Inflation prognoses for the EU is 1.8% for 2018, 1.9% for
2019 and 1.7% for 2020. In the euro area, the inflation rate is projected at
1.8% for this and next year and 1.6% for 2020.
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