Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Latvia GDP Growth may Weaken if Talks on EU Multiannual Budget Last until 2021


June, 04 2018
watermark Economic news

Zanda Kalnina-Lukasevica, Foreign Ministry’s parliamentary secretary of Latvia states that the country’s GDP growth would likely weaken by 1.3 to 1.5 percent if the negotiations on EU multiannual budget for 2021-2027 would continue until 2021.


Kalnina-Lukasevica further underlined that it is necessary to formulate the deal on the multi-annual budget by May 2019, due to further development of every Latvian national regulation that will reach another two years. If the expected timeline failed to accomplish, then EU investments outflow in Latvia can be seen in summer of 2022. This explains that the 1.3-1.5 percent of the annual GDP growth is a significant factor for the welfare of the country as well as to its wages and growth.


While the delay in  EU funds absorption would cause citizens to look jobs in abroad which could lead to problems in seeking new employees. Moreover, Latvia was able to pay EUR 1.8 billion for the national budget and received EUR 7.4 billion from EU funds, which includes EUR 2.7 billion for Agricultural Policy and EUR 4.7 billion for the Cohesion Policy.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.