Latvia's economic growth rate was the fastest among the EU Member States in the first three quarters of 2012. The Latvian economy managed to achieve considerable growth, despite the adverse developments observed in the global markets and major trade partner states. In 2013, the economic development will be affected by both external risks as well as risks stemming from domestic factors. External risks are mainly on the downside, whereas the risks associated with domestic developments lie largely on the upside.
Economic developments
