Commodity market report
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2 Pages

Latvia economic outlook Q1 2014

Latvia economic outlook Q1 2014

Report summary

Latvia enters the Eurozone with the economy still recovering from the Great Recession. GDP contracted 21% over 2008-2010 and remains around 9% below 2007 levels of output. Short-term growth prospects are robust supported by export demand and consumption growth. Wood Mackenzie forecasts real GDP to grow 4.2% in 2014. Latvia's long-term growth is likely to exceed the EU average as it continues to converge on the more developed western European nations.

What's included?

This report includes 1 file(s)

  • Latvia economic outlook Q1 2014 PDF - 255.71 KB 2 Pages, 1 Tables, 0 Figures


This Economic Outlook presents our macroeconomic outlook to 2035 at the country level.

Specifically we assess the structure of the economy and present the GDP and industrial production outlook.

The long-term outlook is underpinned by a set of GDP models which take account of long-term structural drivers of GDP including demographics, investment and productivity growth.

Finally, we highlight the key risks facing our outlook, both upside and downside.

Wood Mackenzie's macroeconomic forecasts underpin all our commodity demand analysis, ensuring we continually deliver an integrated and consistent view.

  • Executive summary
  • Economic outlook

In this report there is 1 table or chart, including:

  • Executive summary
    • Economic indicators
  • Economic outlook
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