European Parliament Library

Republic of Latvia :, Staff Report for the 2014 Article IV Consultation

Latvia entered the euro area in January 2014 with the fastest rate of growth in Europe. The 2014 Article IV Consultation highlights that a slowdown in investment and exports was partly compensated by robust consumption demand, supported by rising real wages, bringing GDP growth in 2013 to 4.1 percent. Strong job creation reduced the unemployment rate to 11.3 percent by end-2013, close to its structural level. Consumer price inflation fell to an average of about zero in 2013, mainly owing to weakening energy prices. The 2013 general government deficit outturn of 1.0 percent of GDP was below the target of 1.4 percent
Table Of Contents
Cover; CONTENTS; CONTEXT; RECENT ECONOMIC DEVELOPMENTS; OUTLOOK AND RISKS; POLICY DISCUSSIONS; A. Maintaining Competitiveness in the Euro Area; B. Reviving Bank Credit; C. Maintaining a Prudent Fiscal Policy; D. Financial Supervision; STAFF APPRAISAL; FIGURES; 1. Real Sector, 2007-13; 2. Inflation and the Labor Market, 2007-13; 3. Fiscal Developments, 2008-14; 4. Financial Markets Developments, 2006-13; 5. Banking Sector Developments, 2007-13; 6. Balance of Payments, 2007-13; 7. External Debt and Vulnerabilities in the Banking System; TABLES; 1. Selected Economic Indicators, 2008-14
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (52 p.)
Specific Material Designation
Form Of Item

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