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European Commission predicts Latvia the most rapid growth among Baltic States

Photo: pixabay.com.
The latest economic outlook by the European Commission estimates that Latvia’s GDP may grow 3.5% in 2018, which is the most rapid growth rate among Baltic States.

In the document published on Wednesday, 7 February, EC mentioned that Latvia’s growth rate may drop to 3.2% in 2019.

Inflation in Latvia will be 3.1% this year and 2.9% next year, as reported by EC.

The second most rapid economic growth rate among Baltic States is expected in Estonia, where, according to EC estimates, GDP will grow by 3.3% this year. Estonia’s economic growth rate will slow down to 2.8% next year. Inflation in the country will be 3.1% this year and 2.6% the next.

Lithuania’s GDP growth is estimated at 2.9% this year and 2.6% next year. Inflation in Lithuania is expected to be 2.9% this year and 2.5% the next.

It is mentioned in EC’s winter economic outlook that economic growth in Eurozone may be 2.3% this year and 2% the next.

Inflation in the EU is expected to be 1.9% this year and 1.8% next year. In Eurozone, inflation will be 1.5% this year and 1.6% the next.

The most rapid economic growth is predicted by EC for Malta (5.6% this year and 4.5% next year), as well as Romania (4.5% this year and 4% next year) and Ireland (4.4% this year and 3.1% next year).

The slowest GDP growth is expected in Britain (1.4% this year and 1.1% next year) and Italy (1.5% and 1.2% next year), European Commission estimates.


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