The International Monetary Fund (IMF) on November 13 increased its forecasts for economic growth in Latvia both this year and next.

In its latest overview of European economies, the IMF said this year it expected Latvia's economy to grow by 3.8% compared with a 3.0% forecast in April.

Similarly next year the IMF predicts 3.9% growth (previous forecast 3.3%) whereas 2019 growth is projected to be 3.5% against a previous estimate of 3.6%.

Encouragingly, growth is also expected in gross investment over the same three year period.

Read more here.

13.11.2017, Statistics, Economy