Consumption-Led Boom Continues For Now

July 2007
Emerging Europe Monitor: Central Europe & Baltic States;Jul2007, Vol. 14 Issue 7, p11
Country Report
Country Report
The article presents an economic outlook for Latvia in 2007. According to a flash estimate from the Central Statistical Bureau, real gross domestic product grew by 10.7 percent year-on-year. It is stated that consumer spending continues to be supported by strong wage growth, rising employment and easy access to cheap money. The construction boom is expected to be somewhat moderate as bottlenecks associated with shortages of labour and other key inputs emerge and costs escalate.


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