It also includes updated information on foreign direct investment, government debt and more and can be read at the bank's website.
For those investing or planning to invest in Latvia: please, take a look at the latest issue of "Latvia's Macro Profile". A summary of Latvia's economic developments and Latvijas Banka's forecasts of Latvia's key economic indicators https://t.co/Rh7Pp7ggdo pic.twitter.com/fxl5cTOWAZ
— Latvijas Banka (@LatvijasBanka) June 26, 2019
"Weakening external demand is likely to have negative implications for growth prospects in manufacturing; however, growth performance is likely to vary among its sub-sectors. High technology sectors, such as the manufacture of electronic and electrical equipment, are expected to continue to support manufacturing. Meanwhile, the rapid expansion observed so far in the wood industry is likely to moderate due to less attractive global wood prices. At the same time, significant investment in machinery and equipment is expected to alleviate supply constraints and contribute positively to the growth of manufacturing. It would also support productivity and competitiveness which is particularly important in an environment of weakening demand," the bank writes.
If you're in the mood for even more financial and economic data, we'd remind you that the financial regulator's Financial Compass about the banking and insurance industries is also available to read online.
