Projections indicate that Latvia will experience low inflation (1.5%) and sluggish GDP growth (1.8%) in 2024.
"Although this year started with relatively strong economic expansion, such rapid growth is unsustainable and is expected to slow down in the coming quarters. In light of this, the overall GDP growth projections for 2024 remain unchanged at 1.8%, with the growth momentum in 2025 projected to be weaker than previously expected," the bank indicated.
The bank for...