TITLE

Dizzying Heights

PUB. DATE
April 2005
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;Apr2005, Vol. 12 Issue 4, p11
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
The article provides information about the economic outlook of Latvia. Latvia's economy outpaced the rest of the European Union (EU) in 2004 and is likely to do so again this year. The current rate of growth is not sustainable and while the economy is expected to slow slightly this year, tighter macroeconomic policy may be required to alleviate mounting inflationary and current account pressures. The real Gross Domestic Product (GDP) expanded by 8.3% in 2004 due to booming domestic demand and acceleration in exports. Nonetheless, Latvia remains the EU's poorest member, with GDP per capita, adjusted for differences in purchasing power, almost 60% below the EU average.
ACCESSION #
16590109

 

Related Articles

  • Reasons To Be Hopeful.  // Emerging Europe Monitor: Central Europe & Baltic States;Jan2008, Vol. 15 Issue 1, p11 

    The article presents an economic outlook for Latvia. It suggests that policy efforts should combine with emerging cyclical constraints to drive real GDP growth progressively lower in 2008-2009. The economy grew by 11.1% y-o-y in third quarter 2007. It reveals that the economy can be headed for a...

  • Austria.  // OECD Economic Surveys: Austria;Jun2000, p86 

    Focuses on the economic growth in Austria in 1999 and the economic outlook for the country in 2000 and 2001. Employment growth; Income tax reductions; Gross domestic product growth in 2000 and 2001.

  • Fiscal Position Improves.  // Latin America Monitor: Andean Group Monitor;Aug2004, Vol. 21 Issue 8, p6 

    The fiscal position in Peru has continued to improve in recent quarters, mainly due to higher tax revenues. The 2003 fiscal deficit is estimated to have been 1.8% of GDP, a significant improvement on the 3.2% imbalance registered back in 2000. During the first quarter of 2004, the same trends...

  • An investigation on economic growth and tax: A case study of D8 countries from 1990 to 2009. Yahyaabadi, Abolfazl; Karimi, Farzad; Najafabadi, Nahid Abedini // Management Science Letters;2012, Vol. 2 Issue 6, p1865 

    Experiences of different countries with efficient tax systems have shown that the high share of tax resources than non-tax sources could prevent many unpleasant economical events. In other words, an efficient tax system could ensure economic system against many different risks. Tax is also a...

  • Surging Growth Fuels Hard Landing Fears.  // Emerging Europe Monitor: Central Europe & Baltic States;Oct2007, Vol. 14 Issue 10, p11 

    The article presents an economic outlook for Latvia in 2007. The country's economic growth is expected to remain fast but will remain unbalanced and reliant on foreign investment. Efforts of the government to address domestic demand will affect economic growth until 2008. Real gross domestic...

  • ECONOMY.  // Background Notes on Countries of the World: Republic of Latvia;2/ 8/2011, p6 

    The article discusses the economy and the economic conditions of the Republic of Latvia. It highlights the economic developments in Latvia since it emerged from Soviet occupation and reestablished its independence in 1991. It cites the country's membership in the European Union (EU) in May 2004...

  • STRUCTURAL CHANGES IN THE ECONOMY OF LATVIA AFTER IT JOINED THE EUROPEAN UNION. Skribane, Irina; Jekabsone, Sandra // Intellectual Economics;2013, Vol. 7 Issue 1, p29 

    After joining the EU in 2004 the economy of Latvia has experienced both a period of rapid growth and a deep recession. Particularly, the last crisis caused severe consequences, which was one of the deepest in Europe. The internal and external imbalances were considered as one of the main causes...

  • THE INFLUENCE OF NATIONAL ECONOMIC DEVELOPMENT ON THE REAL ESTATE MARKET OF LATVIA. Admidins, Didzis; Zvanitajs, Janis // Perspectives of Innovations, Economics & Business;2009, Vol. 3 Issue 3, p52 

    This article reviews the real estate market development dynamics over the last decade in Latvia. The article describes the influence of various economic factors on the real estate market. These factors are gross domestic product, unemployment, crediting amount, retail sales turnover, and others....

  • Latvia economic growth slows in Q1, retail sales growth slows in March.  // Regional Today;5/4/2015, p2 

    The article reports a decline in Latvia's economic growth in the first quarter of 2015 as per data from the Central Bureau of Statistics focusing on a rise in gross domestic product (GDP) and growth in retail sales.

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