Latvia Economic and Fiscal Outlook

INVESTMENT AND EXPORT DRIVEN ECONOMIC GROWTH Sound fundamentals support economic activity, increase resilience to external shocks GDP in Q2 2022 compared to 2015 average (%; s.a.) and GDP forecast (y/y; %) GDP components (Q2 2022/average 2015; %; in real terms; s.a.) GDP 17 Private consumption 13 18 Source: Eurostat. Investment Export 10 10 20 20 29 29 30 18 16 14 12 10 80 6 4 31 2 40 0 2022 Q2 Source: Eurostat; F- European Commission forecast. 2022 F ■LV EU27 2023 F

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