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5.0%

In the first quarter of 2019, annual manufacturing output growth stood at 5.0%.

Daina Paula

economist, Latvijas Banka

Along with rather unfavourable developments in the external economic environment, including high uncertainty surrounding the prospects for global trade negotiations, protectionist pressures in some industries, a delayed Brexit as well as lower estimates for global growth, the flash estimate published by the Central Statistical Bureau of Latvia suggests that Latvia's economy has slowed down quite substantially in the first quarter of 2019.

Oļegs Krasnopjorovs

economist, Latvijas Banka

It is not possible to reach the level of German well-being with Romanian price level; along with an increase in income, prices will also rise.

Kristofers Pone

economist, Latvijas Banka

Current account deficit totalled 283 million euro or 1.0% of GDP in 2018. Foreign direct investment reached 380 million euro or 4.8% of GDP in net terms in the fourth quarter.

Ieva Opmane

economist, Latvijas Banka

Latvia's employment continued on an upward trend in 2018. The number of the employed rose by 14.6 thousand, while that of the unemployed contracted only by 12.6 thousand.

Daina Pelēce

economist, Latvijas Banka

Latvia's exports of goods continue to benefit from global economic growth.

Annual inflation (%; HICP)

2018 IV	2.1
2018 V	2.4
2018 VI	2.7
2018 VII	2.7
2018 VIII	2.8
2018 IX	3.3
2018 X	3.2
2018 XI	2.9
2018 XII	2.6
2019 I	2.9
2019 II	2.8
2019 III	2.7
2019 IV	3.3

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

Job seekers rate (%)

Exports (year-on-year; %)

2018 III	-5.3
2018 IV	15.8
2018 V	9.4
2018 VI	12.7
2018 VII	9.6
2018 VIII	7.8
2018 IX	-1
2018 X	6.8
2018 XI	5.2
2018 XII	-1.3
2019 I	-0.6
2019 II	1
2019 III	12

All

Macroeconomic Indicators

2018 Q1	4.8
2018 Q2	4.6
2018 Q3	5.2
2018 Q4	5.6
2019 Q1	3

2017 Q4	-31
2018 Q1	105
2018 Q2	23
2018 Q3	237
2018 Q4	380

2017 Q4	8.1
2018 Q1	8.2
2018 Q2	7.7
2018 Q3	7
2018 Q4	6.9

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EXPERT'S COMMENT

Daina Paula

Oļegs Krasnopjorovs

Kristofers Pone

Ieva Opmane

Daina Pelēce

Real GDP (year-on-year; %)

Annual inflation (%; HICP)

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

Job seekers rate (%)

Exports (year-on-year; %)

MACRO DEVELOPMENTS REPORT

NUMBER THAT COUNTS