Topics Topics

EC forecast: Latvia's 2015 GDP growth highest in Baltics

Latvia's GDP growth will be stable at 2.4% this year, according to the European Commission (EC), reported Latvian Radio's Ina Strazdiņa Thursday.

Positive tendencies will be seen in doing business, as entrepreneurs have found ways to reach new export markets, while outer factors will still pose a risk. Vice-President of the EC Valdis Dombrovskis said that investments will be growing steadily as well.

While a reasonable expense policy and EU funds use should be continued.

The whole of EU will be seeing a slow return to normalcy after the tough years of the crisis.

Lithuania's revised GDP growth forecast for 2015 is at 1.7%, while Estonia's preliminary figure suggests 1.9% growth in 2015, reported LETA news agency.

Latvia's economy is expected to grow 3% in 2016.

Seen a mistake?

Select text and press Ctrl+Enter to send a suggested correction to the editor

Select text and press Report a mistake to send a suggested correction to the editor

Economy
Economy

Please be aware that the LSM portal uses cookies. By continuing to use this site, you agree that we may store and use cookies on your device. Find out more

Accept and continue