In Latvia this year, the slowest economic growth is expected from Baltic countries, according to the International Monetary Fund (IMF) autumn forecast for the world economy published on Tuesday.
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In its latest World Economic Outlook, the IMF forecasts that the Latvian economy will grow by 4.5% this year, and next year the IMF forecasts 5.2% growth in Latvia’s gross domestic product (GDP).
The IMF estimates that consumer prices in Latvia will increase by 2.6% this year, but next year inflation will be 3%.
According to IMF calculations, unemployment in Latvia will reach 7.7% at the end of this year, but will decrease to 7.2% next year.
The IMF also forecasts that the current account of the balance of payments in Latvia will have a deficit of 1% of GDP this year, while a deficit of 1.1% of GDP is forecast for next year.
Of the Baltic countries, the IMF expects the second slowest GDP growth this year in Lithuania, where growth is forecast at 4.7%, while next year Lithuania The IMF expects 4.1% growth in the economy.
Inflation in Lithuania is forecast at 3% this year, but at 2.8% next year.
Lithuania’s current account is projected to have a surplus of 6.7% of GDP this year and a surplus of 4.7% of GDP next year. The IMF expects the unemployment rate in Lithuania to fall to 6.5% by the end of this year and estimates that it will fall to 6.1% next year.
In Estonia, the IMF forecasts economic growth of 8.5% and 4.2% this year and next.
The IMF expects inflation in Estonia to be 3.8% and 4.9% this year and next, respectively.
Estonian The current account deficit is projected at 1.8% of GDP this year and estimated at 2% of GDP next year.
Unemployment in Estonia, on the other hand, according to IMF estimates, will be 6.5% at the end of the year, but will fall to 6% next year.
In the eurozone as a whole, the IMF forecasts 5% GDP growth this year, but economic growth is estimated at 4.3% next year.
The IMF expects inflation in the single currency area of 19 countries to be 2.2% and 1.7% this year and next. The current account is projected to have a surplus of 2.6% of GDP this year and a surplus of 2.7% next year. Unemployment in the eurozone is forecast at 8% this year, but will rise to 8.1% next year, according to the IMF’s autumn forecasts.
European In the largest economy, Germany, GDP growth is forecast at 3.1% this year and 4.5% next year.
The IMF predicts that In Great Britain GDP will grow by 6.8% this year and increase by 5% next year.
ASV The IMF forecasts 6% growth in the economy this year, with an estimated 5.2% growth next year, while Japanese GDP growth will be 2.4% this year, but GDP growth is expected to be 3.2% next year.
In China, economic growth is forecast at 8% this year and 5.6% next year, while in India GDP growth is expected at 9.5% this year and 8.5% next year.
In Russia, the IMF forecasts GDP growth of 4.7% and 2.9% respectively this year and next.
World The IMF expects the economy to grow by 5.9% this year and 4.9% next year.
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