SCCL Macro discussion | takeaways

The recent SCCLMacroDiscussion brought together more than 50 viewers and we sincerely thank the chief economists of Swedbank Latvija , SEB banka Latvia and Latvijas Banka for delivering in-depth information and commentaries regarding the GDP forecast, labor market & inflation challenges.

Gratitude goes also to Monten Hansen for a smooth moderation of this topical discussion!

According to Latvijas Banka, Latvia's GDP growth forecast for 2021 has been revised upwards to 5.3%, whereas that for 2022 has been revised downwards to 5.1% as the fact that lagging vaccine rollout had delayed faster recovery.
Exports have been resilient and will remain strong.
The Investments will rise due to improving economic sentiment and sizeable EU funds.
Inflation though may increase as a result of higher food and energy prices and the increase in minimum wages.