the product

The IMF sharply reduced its forecast for Latvia’s GDP growth for the current year

The IMF report predicts that the economy Latvia this year will grow by only 1.7%. For comparison: in October the IMF predicted that Latvia’s GDP would increase by 2.6% this year. Next year, Latvian GDP growth is planned at 2.4%. The latest forecasts say that inflation in Latvia this year and next is expected to … Read more

Latvia undertakes to annually give 0.25% of its GDP to Ukraine

Latvia plans to enter into an agreement with Ukraine on long-term support and security commitments, pledging to provide military support to Ukraine in the amount of 0.25% of the country’s gross domestic product (GDP) this year and in the next two years, according to a draft information report prepared by the Ministry Foreign Affairs (Ministry … Read more