TITLE

Overheated Economy Starts To Lose Momentum

PUB. DATE
April 2008
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;Apr2008, Vol. 15 Issue 4, p11
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article provides an economic outlook for Latvia in 2008. Real output growth is expected to slow sharply to 6.1 percent this year from 10.7 percent in 2007 and decelerate further to 4.5 percent in 2009. Purchasing power will also be affected by rising prices, with an annual average inflation forecast to reach 12.8 percent. Business Monitor International (BMI) foresees domestic credit growth declining to 20 percent by end-2008 and to below 10 percent by end-2009.
ACCESSION #
31381410

 

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