The Republic of Latvia: 2001 Article IV Consultation Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Latvia

Author: International Monetary Fund

This 2001 Article IV Consultation highlights that Latvia has enjoyed a strong economic performance since the last Article IV Consultation in June 2000. Real GDP growth was 6½ percent in 2000 and accelerated to 8¾ percent in the first half of 2001; growth has been led primarily by investment. Inflation has remained low at 3 percent in 2000 and 2001. Market sentiment toward Latvia remains favorable, as evidenced by the relatively low yield spread on Latvia's first Eurobond and by the successful issue, in November 2001, of a second Eurobond.

Volume/Issue: Volume 2002 Issue 010

Publication date: January 2002

ISBN: 9781451824452

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Topics covered in this book

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Business and Economics , Banks and Banking , Exports and Imports , Money and Monetary Policy , Public Finance , ISCR , CR , government , deficit , credit growth , economic activity index , growth , merchandise trade balance , NATO accession defense expenditure , persistent current account deficit , Current account deficits , Exchange rates , Credit , Commercial banks , Western Europe , Baltics , Central and Eastern Europe , Global

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Summary

This 2001 Article IV Consultation highlights that Latvia has enjoyed a strong economic performance since the last Article IV Consultation in June 2000. Real GDP growth was 6½ percent in 2000 and accelerated to 8¾ percent in the first half of 2001; growth has been led primarily by investment. Inflation has remained low at 3 percent in 2000 and 2001. Market sentiment toward Latvia remains favorable, as evidenced by the relatively low yield spread on Latvia’s first Eurobond and by the successful issue, in November 2001, of a second Eurobond.