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Ceturtdiena 29.09.2016 | Name days: Mihails, Miķelis, Mikus, Miks, Miģelis

European Central Bank raises GDP and inflation forecast

European Central Bank has revised two macro-economic forecasts for 2011. It is projected the eurozone GDP will expand 1.9% instead of the previously forecast 1.7%, while inflation is said to climb 2.6% instead of 2.3%.

Economists: growth likely to accelerate in next quarter

Although in the Q1 of 2011, the gross domestic product growth was mainly fueled by exporting or export-related industries, Latvia’s GDP rise lags behind Lithuania (3.5%) and Estonia (2.4%). However, the economic growth is likely to accelerate in the next quarter, economists concede.

Latvian GDP expands 3.5%

If comparing with the first quarter of 2010, the Gross Domestic Product grew 3.5% in the first quarter of 2011, according to the seasonally non-adjusted data, the Central Statistical Bureau informs.