Economics

International Internet Magazine. Baltic States news & analytics Tuesday, 18.02.2020, 19:25

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Latvia: Finance Ministry cuts economic growth forecast for 2019 to 2.2%

Latvia: Finance Ministry cuts economic growth forecast for 2019 to 2.2%

14.02.2020

According to the Finance Ministry's latest gross domestic product growth forecast, Latvia's GDP will grow by 2.2% this year, which is 0.6 percentage points less than in the previous forecast informed LETA/BNS.

Keyword tags: Economics, Financial Services, GDP, Latvia



Bank of Lithuania: The halfway point towards European prosperity surpassed, yet many challenges still await

Bank of Lithuania: The halfway point towards European prosperity surpassed, yet many challenges still await

24.01.2020

Over the last two decades, the gap between the standard of living in Lithuania and the EU average has more than halved, placing Lithuania in the leading position among the rest of the new EU Member States. However, an analysis carried out by the Bank of Lithuania has shown that to reach the average EU prosperity level, the country will have to address complex challenges that may come on its way. t

The weak external environment is holding inflation down in Estonia

The weak external environment is holding inflation down in Estonia

08.01.2020

Data from Statistics Estonia show that consumer prices in Estonia were 0.3% lower in December than in November. The biggest changes came from the cut in the water tariff in Tallinn, falling prices for electricity and communications services, and the after-effects of the cut in alcohol excise. In yearly terms inflation in Estonia was 1.8% in December.


Latvia: Lending continues on a downward trend in November

Latvia: Lending continues on a downward trend in November

03.01.2020

On the back of persistently weak external demand and increasing caution of banks and businesses, overall lending indicators as well as those of corporate loans declined in November, with the housing loan portfolio being the only one posting the usual minor growth. Hence, the annual growth rate of domestic lending dropped to 0.8%, a low since 2017.

Eesti Pank forecasts that the economy will start to lose momentum after running at full power

Eesti Pank forecasts that the economy will start to lose momentum after running at full power

02.01.2020

The Estonian economy will grow by 3.4% this year and 2.3% in 2020. Growth in the economy will slow in the next three years as the outlook for foreign markets is poor and the previously strong growth in employment will start to fade. Unemployment will rise in the coming years as the economy will start to cool, while more people than before will enter the labour market. Demand for additional labour will decline, but wage pressures will remain.


02.01.2020

What's in store for Latvia's economy in 2020?

"Summer is over", "Lukewarm economic growth", "External environment remains overcast": these were the phrases recently used by Latvijas Banka economists to cautiously mark a downward shift in Latvia's economic development trajectory.

11.12.2019

Estonia: In November, food and transport had the greatest impact on the consumer price index

According to Statistics Estonia, the change of the consumer price index in November 2019 was -0.2% compared to October 2019 and 1.8% compared to November 2018.

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