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Updated: 29.04.2020

Macroeconomic forecasts

Latvijas Banka has revised its gross domestic product (GDP) and inflation forecasts for Latvia. Considering the latest global economic developments, including the implications of the outbreak of coronavirus COVID-19, Latvijas Banka has revised downwards its forecast of Latvia's GDP growth for 2020 to –6.5% and that of inflation to 0.5% (2.6% and 2.4% in December 2019 projections accordingly). Moreover, in view of the heightened uncertainty surrounding the forecasts, they may be subsequently adjusted significantly in case of delayed progress in limiting the spread of COVID-19 worldwide and economic growth failing to restart in the second half of the year.

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LB prognozes Covid marts 2020 1 ENG

LB prognozes Covid marts 2020 2 ENG

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