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 be 2% and 3.6%, respectively. According to IMF calculations, the unemployment rate both this and next year will be 6.5%, and the current account account will register a deficit of 3.8% of GDP this year, and 3.9% of GDP next year. GDP.

For Lithuania GDP is forecast to grow 2.2% this year and 2.5% next year.

IN Estonia The IMF forecasts a 0.5% economic contraction this year and 2.2% growth next year.

IN euro zone The IMF forecasts GDP growth of 0.8% this year, with economic growth expected to accelerate to 1.5% next year.

The GDP of Europe’s largest economy is projected to Germanythis year will increase by 0.2%, and next year it is expected to increase by 1.3%.

The IMF predicts that in Great Britain this year GDP will grow by 0.5%, and next year the growth rate will be 1.5%.

IN Ukraine the fund forecasts GDP growth of 3.2% this year and acceleration to 6.5% next year.

GDP growth forecast Russia in 2024 increased from 2.6% to 3.2%.

Economic growth USA is forecast this year at 2.7%, while China GDP is projected to grow 4.6% this year.

GDP growth of the world’s third largest economy – Japan – this year, as calculated by the IMF, will be 0.9%.

World economy Overall, the IMF forecasts growth of 3.2% both this year and next.