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MACRO TALKS WITH MĀRTIŅŠ

MACRO DEVELOPMENTS REPORT

EXPERT'S COMMENT

Daina Paula

economist, Latvijas Banka

In 2017, Latvia's economic growth reached the highest rate of the last six years. This happened even despite the deceleration observed in the fourth quarter when only the exports of goods and services managed to retain positive quarterly growth.

Kristofers Pone

economist, Latvijas Banka

In February, prices of both goods and services picked up slightly in monthly terms, but the inflation rate decelerated to 1.8% year-on-year. It is the slowest growth rate recorded since November 2016 after which inflation spiked upwards owing to global food and energy prices.

Annual inflation (%; CPI)

2017 II	3.30
2017 III	3.40
2017 IV	3.40
2017 V	2.80
2017 VI	3.00
2017 VII	2.60
2017 VIII	3.10
2017 IX	2.90
2017 X	2.80
2017 XI	2.70
2017 XII	2.20
2018 I	2.00
2018 II	1.80

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

Job seekers rate (%)

Exports (year-on-year; %)

2016 XII	7.60
2017 I	13.30
2017 II	5.20
2017 III	13.20
2017 IV	1.00
2017 V	9.20
2017 VI	12.20
2017 VII	6.90
2017 VIII	8.50
2017 IX	7.70
2017 X	9.70
2017 XI	15.30
2017 XII	7.30