Latvian central bank publishes latest Macroeconomic Projections Report
The Latvian central bank reports that geopolitical uncertainty and high energy prices are hindering export growth due to weakened demand from key partners like Germany. Despite these headwinds, the report notes that financing remains accessible within the Latvian banking and capital markets.
"Heightened geopolitical uncertainty and rising energy prices have weakened the outlook for external demand, weighing on growth and demand prospects in Latvia's main trading partners. Although economic activity in the Baltic States has remained relatively resilient, the weaker outlook for Germany and the EU as a whole continues to constrain Latvia's export growth prospects," LB notes. On the other hand, "Despite heightened geopolitical uncertainty and higher market interest rates, the availability of financing in Latvia remains favourable in both the capital market and the banking sector." The full report is available for download here.
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