Daily magazine about Latvia www.latviannews.lv
The chains of habit are too weak to be felt until they are too strong to be broken.
Samuel Johnson
Russian version

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.


Before the comment please read the rules of use our webpage.. Thank you.