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8.1%

In 2020, unemployment reached 8.1% in Latvia

As to the economic outlook for the third quarter, there is good reason to expect better results due to more relaxed COVID-19 restrictions and overall more positive sentiment among consumers and businesses.

Anete Migale

Latvijas Bankas ekonomiste

Lai gan pandēmija darba tirgu kopumā, protams, ietekmējusi negatīvi, darba tirgus šai ietekmei pretojies cienījami.

Guntis Kalniņš

Latvijas Bankas ekonomists

Maksājumu bilances norises 2020. gada 2. ceturksnī noteica ar vīrusa Covid-19 izplatības saasināšanos saistītie ierobežojumi un ekonomiskās aktivitātes straujš kritums. Tomēr jau maijā vairākās tautsaimniecības nozarēs ar vīrusu saistītais šoks noplaka, un jūnijā sākās spraiga atkopšanās.

2020 I	2.2
2020 II	2.3
2020 III	1.4
2020 IV	-0.1
2020 V	-0.9
2020 VI	-1.1
2020 VII	0.1
2020 VIII	-0.5
2020 IX	-0.4
2020 X	-0.7
2020 XI	-0.7
2020 XII	-0.5
2021 I	-0.5

Real GDP (year-on-year; %)

Job seekers rate (%)

Tekošais konts (% no IKP)

All

Macroeconomic Indicators

2019 Q4	0.6
2020 Q1	-1.2
2020 Q2	-8.6
2020 Q3	-2.8
2020 Q4	-1.8

2019 Q4	6
2020 Q1	7.6
2020 Q2	8.6
2020 Q3	8.4
2020 Q4	7.9

2019 Q3	-3
2019 Q4	2.4
2020 Q1	1
2020 Q2	3.8
2020 Q3	-0.7

How accurate are Latvijas Banka's inflation projections?

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EXPERT'S COMMENT

Oļegs Krasnopjorovs

Andrejs Bessonovs

Agnese Rutkovska

Anete Migale

Guntis Kalniņš

Annual inflation (%; HICP)

Real GDP (year-on-year; %)

Job seekers rate (%)

Tekošais konts (% no IKP)

MACRO DEVELOPMENTS REPORT

NUMBER THAT COUNTS