Republic of Latvia: 2022 Article IV Consultation-Press Release and Staff Report

International Monetary Fund

No 2022/277, IMF Staff Country Reports from International Monetary Fund

Abstract: The economy fared relatively well during the pandemic, but the war in Ukraine is another major shock. The key vulnerabilities are Latvia’s significant reliance on imported gas from Russia until recently, the impact of high international energy prices on inflation and economic activity, and refugee inflows. Thus far, almost 33,000 refugees have entered Latvia. Parliamentary elections later this year may put pressure on the government budget.

Keywords: government finance statistics yearbook; green transition goal; financial asset; supply bottleneck; wage-price spiral; government finance statistics database; price pressure; World Bank-International Monetary Fund mission; General government operation; Energy prices; Inflation; Income; Baltics; Global (search for similar items in EconPapers)
Pages: 64
Date: 2022-08-23
New Economics Papers: this item is included in nep-cis and nep-ene
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