TITLE

Fasten Your Seatbelts -- Hard Landing Ahead

PUB. DATE
June 2008
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;Jun2008, Vol. 15 Issue 6, p11
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article presents an outlook on the economic performance of Latvia from 2008 to 2009. The International Monetary Fund projects a declining gross domestic product growth rate while consumer price inflation is also expected to decline. The central bank of Latvia, on the other hand, foresees several factors to be contributing to the country's economic activity. But the European Commission doubts the capacity of the domestic industry to increase exports.
ACCESSION #
32103125

 

Related Articles

  • Latvia: Economy Still On Life Support.  // Emerging Markets Monitor;8/16/2010, Vol. 16 Issue 19, p15 

    The article reports on the stabilization of the economic conditions in Latvia in 2010. It projects the country's return to positive growth in 2011 depending on the financial support from the European Union (EU) and International Monetary Fund (IMF). It anticipates a 3.4 percent contraction in...

  • Elevated Oil Prices Raise Inflation Forecasts.  // Emerging Europe Monitor: Central Europe & Baltic States;May2012, Vol. 19 Issue 5, following p10 

    The article focuses on the effect of rise in oil prices on inflation rate in Latvia. According to the economic forecasting company Business Monitor International Ltd.'s outlook for 2012, the consumer price Index (CPI) eased little from 4.2 percent in 2011 to 3.8 percent in 2012 on account of...

  • Ratings Could Be Cut.  // Emerging Europe Monitor: Central Europe & Baltic States;Apr2007, Vol. 14 Issue 4, p11 

    The article forecasts the economic conditions in Latvia for 2007. It mentions that the country's foreign borrowing to cover external imbalances has translated into massive gross external debt, which is now excess of 100% of gross domestic product. Inflation remains the key problem for the...

  • External Deficit Continues To Grow.  // Emerging Europe Monitor: Central Europe & Baltic States;May2006, Vol. 13 Issue 5, p11 

    Presents an economic outlook for Latvia for 2006 and 2007. Factors that resulted to high inflation rate and account deficit; Rise of 34% in exports in local currency terms in 2005; Forecast on the state's modest declines in account deficit to 11.3% of gross domestic product in 2006 and around...

  • IMF Expresses Doubts About Anti-Inflation Plan.  // Emerging Europe Monitor: Central Europe & Baltic States;Jun2007, Vol. 14 Issue 6, p11 

    The article presents an economic forecast for Latvia from 2007 and 2008. The International Monetary Fund warns that the export sector could suffer from uncontrolled trade imbalances due to the overheating domestic economy and high inflation rate. The plan of the government to reduce inflation...

  • Heading Deeper Into Recession.  // Emerging Europe Monitor: Central Europe & Baltic States;Apr2009, Vol. 16 Issue 4, p11 

    The article presents an economic outlook for Latvia for 2009. In the fourth quarter of 2008, Latvia's economy declined by 10.5% year-on-year. Real gross domestic product (GDP) growth also slowed by 20.5%. It is predicted that the economy will contract by 9.2% in 2009 and 1.6% in 2010. It is also...

  • Nigeria's economic ambitions burn fiercely.  // Market: Africa/Mid-East;Mar2007, Vol. 12 Issue 2, p1 

    The article discusses the current economic state of Nigeria and offers an economic forecast for the country. Growth in the annual rate of inflation in the country for 2006 should fall below double digits for the first time since 2001, according to the International Monetary Fund (IMF). The IMF...

  • DATA & FORECASTS.  // Asia Monitor: South East Asia Monitor Volume 1;Jan2007, Vol. 18 Issue 1, p6 

    The article forecasts on the economic performance of Cambodia for 2007. According to government estimates, gross domestic product (GDP) will expand by 6.5 percent, with inflation to hit five percent. The International Monetary Fund is projecting 6.5 percent growth in 2007. Figures on inflation,...

  • Venezuela inflation eludes control.  // Market: Latin America;Jun2005, Vol. 13 Issue 6, p8 

    Presents an outlook on the economy of Venezuela in 2005. Increase in inflation rate predicted by the International Monetary Fund; Forecast for the growth of gross domestic product; Status of unemployment in the country.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics