Content type

Latvia Heads For Mild Contraction In 2023

Country Risk / Latvia / Tue 04 Apr, 2023

Key View

  • We expect the Latvian economy to contract by -0.1% in 2023. This follows growth of 2.0% in 2022.
  • Private consumption will perform particularly poorly as the winding down of heating support subsidies, declining real wages and tighter monetary conditions dampen consumer spending.
  • Rising interest rates and higher input costs will
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Minor Coalition Reshuffle Expected In Latvian Election

Country Risk / Latvia / Thu 29 Sep, 2022

Key View

  • We at Fitch Solutions expect Latvia’s October 1st parliamentary election to result in a minor coalition reshuffle.
  • We believe that the current government will be unable to form a majority after the election and will be forced to invite a new partner to join the coalition or cooperate with another party via a confidence and supply
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Baltic Countries To Continue Leading Eurozone Inflation

Country Risk / Latvia / Fri 12 Aug, 2022

Key View

  • At Fitch Solutions, we now forecast 2022 average inflation of 15.7% y-o-y in Latvia (previously 13.0%), 17.1% in Lithuania (previously 15.5%) and 17.8% in Estonia (previously 16.0%).
  • Our revisions reflect continued uncertainty surrounding energy supplies to Europe which will place upward pressure on inflation, which was above 20%
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Latvia's Political Outlook Stable Despite Coalition Changes

Country Risk / Latvia / Mon 14 Jun, 2021

Key View

  • We at Fitch Solutions continue to view the Latvian political environment as stable and as such, we have held the country’s Short-Term Political Risk Index (STRPI) score at 71.5 out of 100.
  • We anticipate that the ejection of For A Humane Latvia (KPV-LV) from the ruling coalition will have limited impact on the policy-making
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Latvia Insurance Key View

Insurance / Latvia / Mon 22 Feb, 2021

Key View: Latvia's insurance industry is expected to record solid overall growth in 2021, alongside the country's anticipated economic recovery following the Covid-19 pandemic. The non-life sector will continue to dominate, primarily due to the strength of the large motor insurance segment which accounts for almost 45% of all insurance premiums

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Latvia's Medical Device Forecast Revised Slightly Upwards

Medical Devices / Latvia / Wed 30 Jan, 2019

Key View

  • Good economic performance and ongoing health sector reform will support medical device market growth of 7.0% in 2019 and 6.1% in 2020 in local currency terms.
  • The government’s commitment to increasing health spending will support medical device imports.
  • Moderating economic growth in Belarus, Latvia's leading medical device export
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