EXPERT'S COMMENT

Daina Paula

economist, Latvijas Banka
The economic growth rate seen in the first quarter of 2018 gives the impression that "the caravan carries on". However, drivers of growth could not be exactly regarded as ones maintaining the momentum. It is expected that growth in 2018 overall will be slightly slower than last year.

Kristofers Pone

economist, Latvijas Banka
In June, the rise in consumer prices was largely a result of higher energy prices, with an increase in both energy prices themselves and energy-related costs.

Linda Vecgaile

economist, Latvijas Banka
​​​​​​​The current account surplus was largely driven by the inflows from the European Union funds in the first quarter of 2018. Although growth in exports of goods and services was slower than in the previous periods, the overall external market demand still remains strong.

Oļegs Krasnopjorovs

economist, Latvijas Banka
The unemployment rate shrank by impressive 1.2 percentage points over the year (to 8.2% of the economically active population).

Daina Pelēce

economist, Latvijas Banka
In the first four months of 2018, the value of exports of goods recorded a year-on-year increase of 9.0%. Although it should be considered a positive result, closer inspection reveals that the overall picture, however, is not as rosy as we would like to think.
  • Real GDP (year-on-year; %)

  • Annual inflation (%; CPI)

  • Foreign direct investment in Latvia (net flows, EUR millions)

  • Job seekers rate (%)

  • Exports (year-on-year; %)

NUMBER THAT COUNTS

2.8%
In June, annual consumer price inflation reached 2.8%.
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