Economy / Latvia
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Latvia Eyes Further Growth
July 2006 | Economic AnalysisSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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BMI expects a firm GDP growth rate to lend support to future expansion in sales. The strong performance in the first four months of 2006 has led to an upward revision in our sales growth forecast for 2006, 16.7% to 21.0%. Our forecast slowdown in automotive sales growth is due to an expected downturn in GDP growth from 9.3% in 2005 to 7.6% in 2006. The government is also likely to introduce measures to moderate consumer demand and bring down inflation to ensure stable and sustainable growth. Bringing down inflation will be essential in order to meet the criteria for