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Monday 24.02.2020 | Name days: Diāna, Dina, Dins

FDP: economic growth may be slowed by multiple global and domestic risks

Latvia’s Fiscal Discipline Council agree on Finance Ministry’s analysis, expecting the strong effect from slowed economic growth to remain in 2020, the council says.

Swedbank predicts 2.2% economic growth for Latvia in 2020

Latvia’s national economic growth in 2020 will rely on private consumption. Overall growth is expected at 2.2%, according to Swedbank chief economist Liva Zorgenfreija.

Kazāks: there are no reasons to expect a crisis as serious as the one in 2008

The growth of both the global and Latvian economy is slow, but this does not mean an economic decline is expected. On top of that, there are no reasons to expect an economic crisis as serious as the last one, said Bank of Latvia governor Mārtiņš Kazāks.

Latvia’s efforts to achieve climate neutrality may require billions of euros

Latvia has not yet estimated the costs of moving towards climate neutrality, but they may reach billions of euros, said Environment Protection and Regional Development Ministry’s deputy state secretary Alda Ozola at the Energy and Climate Plan 2030 – Road towards Sustainable Country forum on Thursday, 21 November.

EC predicts Latvia to have the slowest economic growth among Baltics

The latest economic outlook from the European Commission estimates that Latvia’s GDP will likely grow 2.5% this year, which means the slowest economic growth among Baltic States.

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.

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