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Republic of Latvia

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  • International Monetary Fund. European Dept.
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    Abstract

    Latvia has rebounded from the crisis, after successfully undertaking a difficult adjustment program. The recovery has been well balanced between external and domestic demand. The labor market is improving but unemployment is still high. Past consolidation efforts have brought down the fiscal deficit. The banking system is recovering. Nonresident deposits in the banking system have been expanding rapidly. Economic growth is expected to weaken slightly in 2013, before picking up later. Euro adoption in 2014 appears within reach, subject to some technical uncertainties.

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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=40274
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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Staff Country Reports with number 13/28.

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    Length: 70
    Date of creation: 28 Jan 2013
    Date of revision:
    Handle: RePEc:imf:imfscr:13/28

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    Related research

    Keywords: Article IV consultation reports; Economic recovery; Economic growth; Fiscal policy; Fiscal reforms; Fiscal sustainability; Reserves; Banking sector; Economic indicators; Post-program monitoring; Staff Reports; Public information notices; Latvia; external debt; current account; public debt; debt sustainability; current account deficit; public sector debt; debt dynamics; short-term debt; banking; current account balance; balance of payments; repayments; external debt sustainability; net external debt; debt stock; foreign loans; debt service; long-term loans; private credit; external financing; domestic currency; debt ratio; debt service payments; reserve assets; net debt; domestic financing; banking sector developments; debt restructuring; liquid reserve; repurchases; external debt service; current account adjustment; public finances; total external debt; external short-term debt; government deficit; current account surplus; banking system; debt burden; bank supervision; bank of latvia; liquidity crisis; global liquidity; external obligations; private debt; long-term debt; currency risk;

    This paper has been announced in the following NEP Reports:

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