Republic of Latvia: Selected Issues

January 28, 2013

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Format: Chicago

Republic of Latvia: Selected Issues, (USA: International Monetary Fund, 2013) accessed December 26, 2024

Summary

This note presents estimates of potential growth and the output gap in Latvia. The estimates suggest that the output has marked below potential in the early 2000s but the output gap becomes positive and large after EU accession. With unemployment still well above its natural level, the output gap is estimated to be negative in 2012, but is expected to narrow gradually and be closed in the next 3–4 years. Potential growth is expected to be substantially lower than in 2002–07.

Subject: Education, Labor, Production

Keywords: Baltics, CR, Crisis, Estimate, Europe, Global, ISCR, Labor market, Labor markets, Output gap, Output gap estimate, Output gap in Latvia, Potential output, Unemployment gap, Unemployment rate, Vocational education

Publication Details

Pages:

54
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/029
Stock No:

1LVAEA2013002
ISBN:

9781475578522
ISSN:

1934-7685

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