Market intelligence, trend analysis and forecasts for the Automotives industry across the regions

Industry / Latvia

Macroeconomic Forecast Expanding At A Record Pace

July 2006 | Macroeconomic Forecasts

Latvia's economy continued to expand in Q305 at the record-high rate of 11.4% achieved in Q2. The momentum in the economy is very strong and higher frequency data suggest no let-up in activity in Q4. Consequently, BMI has revised its estimate for 2005 growth up to 10.2%. The current pace is clearly unsustainable, and we project a decline in the growth rate to 7.9% in 2006 and to 7.1% in 2007.The upturn continues to be led by domestic demand, although unlike in the previous few years net exports made a significant contribution to GDP in 2005, accounting for 36% of

Sorry, you must be a subscriber to view this article in full. If you are a subscriber please login.

[
: *
[
: *


If you would like to subscribe to Emerging Europe Automotives Insight and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Emerging Europe Automotives Insight please click on the trial link below.

Free Trial To Autos Insight

TAKE A TRIAL >>