Republic of Latvia : 2016 Article IV consultation; press release; staff report: and statement by the Executive Director for the Republic of Latvia.

Republic of Latvia : 2016 Article IV consultation; press release; staff report: and statement by the Executive Director for the Republic of Latvia.

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Bibliographic Details
Imprint:	Washington, D.C. : International Monetary Fund, [2016] ©2016
Description:	1 online resource (57 pages) : color illustrations.
Language:	English
Series:	IMF country report ; no. 16/171 IMF country report ; no. 16/171.
Subject:	International Monetary Fund -- Latvia. International Monetary Fund. Economic development -- Latvia. Economic indicators -- Latvia. Fiscal policy -- Latvia. Economic development. Economic history. Economic indicators. Economic policy. Fiscal policy. Latvia -- Economic conditions. Latvia -- Economic policy. Latvia.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12506679

Hidden Bibliographic Details
Varying Form of Title:	Republic of Latvia, 2016 article IV consultation 2016 Article IV consultation; press release; staff report: and statement by the Executive Director for the Republic of Latvia
Other authors / contributors:	International Monetary Fund, publisher.
ISBN:	9781498304467 149830446X
ISSN:	1934-7685
Notes:	"June 2016." "May 17, 2016"--page 5 of pdf. Includes bibliographical references. Description based on online resource; title from pdf title page (IMF.org website, viewed July 27, 2016).
Summary:	Macroeconomic conditions are broadly favorable: the output gap is almost closed; the fiscal and current account deficits are at sustainable levels; and unemployment continues to fall. Nevertheless, GDP growth has slowed recently, hampered by a weak external environment, diminishing productivity gains, and delays in EU funds absorption. Credit growth remains elusive, wage pressures have surfaced, and the gray economy remains pervasive.
Other form:	Print Version: Republic of Latvia : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Latvia. Washington, D.C. : International Monetary Fund, 2016. 9781498304467
Standard no.:	10.5089/9781498304467.002

Description
Summary:	This paper focuses on the key issues related to the economy of Latvia. Growth picked up somewhat last year despite a weak external environment. GDP growth rose to 2.7 percent, up about ¼ percent over the previous year. However, growth is expected to slow slightly in 2016 to 2½ percent. While Latvia continues to make steady economic progress, a key challenge will be to generate the growth necessary to sustain the pace of income convergence with Western Europe. Structural reforms will be required to improve state-owned enterprise governance and strengthen the business environment, upgrade public infrastructure, and modernize legal systems.
Item Description:	"June 2016." "May 17, 2016"--page 5 of pdf.
Physical Description:	1 online resource (57 pages) : color illustrations.
Bibliography:	Includes bibliographical references.
ISBN:	9781498304467 149830446X
ISSN:	1934-7685