Latvia: Selected Issues and Statistical Appendix

International Monetary Fund

No 1999/099, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper and Statistical Appendix highlights that the strong economic expansion in Latvia that began in 1996 and accelerated in the following year reversed sharply in mid-1998 as a result of both external and domestic shocks. The initial expansion was fueled by accelerating domestic private and public demand, as well as growing demand for Latvia’s output in both new, mostly European Union, and the traditional Commonwealth of Independent States markets. Domestic consumer and investment demand were supported by growing real incomes and tax revenues and pent-up demand carried over from previous years.

Keywords: ISCR; CR; Latvia; economy; bank; export; Russia; competitiveness indicator; transition economy; firm adherence; dollar wage; Merchandise export growth; Exports; Commercial banks; Capital adequacy requirements; Real effective exchange rates; Competition; Baltics; Europe; Global (search for similar items in EconPapers)
Pages: 86
Date: 1999-09-15
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Citations: View citations in EconPapers (2)

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