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The Bank of Latvia improved the growth forecast for the current year from 3.9% to 4.7%. For 2019, the economic growth forecast was raised from 3% to 3.6%, the Deputy President of the Central Bank, Zoja Razmusa, reported. In 2020, the Latvian regulator expects a slowdown to 3.5%. In addition, the average inflation rate in 2018 will be at the level of 2.6%, rather than 2.9%, as was predicted earlier. The Bank of Latvia forecasts inflation in 2019 at the level of 2.9%, in 2020 - at the level of 2.5%. According to the deputy chairman of the Central Bank, in Latvia there has been an increase in the influence of domestic demand over inflation. She expects that inflation in the country will exceed the average for the euro area in subsequent years.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
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