Latvia: Selected Issues and Statistical Appendix

International Monetary Fund

No 1998/047, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper and Statistical Appendix highlights that the real GDP growth in Latvia accelerated in the second half of 1997, and is estimated at 6 percent for the year. Growth was broad-based, with particularly strong performance in the services sector and construction, and has been led by increased investment, with real capital formation rising by an estimated 10 percent, and enhanced efficiency. Reflecting the strong economic growth, official unemployment has begun to decline, falling from 7½ percent in mid-year to 6.7 percent at end-January 1998.

Keywords: ISCR; CR; job creation; minimum wage; exchange rate; private sector; labor market; U.S. dollar; financial market; market share; current account; retirement age; investment funds; Wages; Unemployment; Employment; Labor markets; Central and Eastern Europe; Europe; Baltics; Eastern Europe (search for similar items in EconPapers)
Pages: 146
Date: 1998-06-04
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