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Republic of Latvia: 2022 Article IV Consultation-Press Release and Staff Report
Author:
International Monetary Fund. European Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2022: Issue 277
Language:
English
Publication Date:
23 Aug 2022
DOI:
https://doi.org/10.5089/9798400218163.002
ISBN:
9798400218163
ISSN:
1934-7685
Pages:
64
Keywords:
government finance statistics yearbook; green transition goal; financial asset; supply bottleneck; wage-price spiral; government finance statistics database; price pressure; World Bank-International Monetary Fund mission; General government operation; Energy prices; Inflation; Income; Baltics; Global
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The economy fared relatively well during the pandemic, but the war in Ukraine is another major shock. The key vulnerabilities are Latvia’s significant reliance on imported gas from Russia until recently, the impact of high international energy prices on inflation and economic activity, and refugee inflows. Thus far, almost 33,000 refugees have entered Latvia. Parliamentary elections later this year may put pressure on the government budget.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund