Macroeconomic Forecast Latvia

Growth in the industrial production index in Latvia unexpectedly sped up in September, ringing in at 9.2% year-on-year (y-o-y) from 6.7% y-o-y the previous month, on a seasonally adjusted basis. However, we believe that Latvia will not be immune to the general slowdown in economic growth throughout Europe and that this will likely weigh on growth in the country's industrial production index in 2012. As such, we forecast growth in the index to slow to an average 4.0% in 2012, down from our forecast of 9.5% for 2011.

To read the full article, please choose one of the following options: