Market Report, "Latvia Country Risk Report Q4 2015", published

Latvia's economic recovery will continue into 2015 and beyond, although we emphasize that strong headline real GDP growth is largely a result of statistical base effects. We see growing scope for the government to ease up on its long-held policy of fiscal austerity going forward.

The Russian embargo on EU agricultural goods has weakened the growth outlook and Latvia will be among the worst EU states affected.

Growth will remain subdued due to the need for further deleveraging.

Major Forecast Changes

We have downgraded our forecast for Latvia's real GDP growth as the escalating trade war between the EU and Russia is adversely affecting Latvia's goods and services export prospects. We now forecast Latvia to grow by just 2.0% in 2015 from 2.2% previously due to the impact of the Russian embargo on trade.

Full Report Details at
- http://www.fastmr.com/prod/1038741_latvia_country_risk_report_q4.aspx?afid=301

Key Risks To Outlook

The prevailing risk to our forecasts for Latvia remains the persistent eurozone sovereign debt crisis. A further deepening of the crisis would pose downside risks to most of our forecasts.

The Latvia Country Risk Report helps businesses with market assessment, strategic planning and decision making to promote growth and profitability in Latvia. It is an essential tool for CEOs, Chairmen, Finance Directors/CFOs, Managing Directors, Marketing/Sales Directors with commercial interests in this emerging market.

An influential new analysis of Latvia's economic, political and financial prospects through end-2019, just published by award-winning forecasters, BMI Research.

Key Uses

* Forecast the pace and stability of Latvia's economic and industry growth through end-2019.
* Identify and evaluate adverse political and economic trends, to facilitate risk mitigation.
* Assess the critical shortcomings of the operating environment that pose hidden barriers and costs to corporate profitability.
* Contextualise Latvia's country risks against regional peers using BMI's country comparative Risk Index system.
* Evaluate external threats to doing business in Latvia, including currency volatility, the commodity price boom and protectionist policies.

The Latvia Country Risk Report by BMI Research includes four major sections: Economic Outlook, Political Outlook, Operational Risk and Key Sector Outlook.

Economic Outlook:

How will the Latvia' economic policy-making and performance impact on corporate profitability over 2015-2019?

BMI provides our fully independent 5-year forecasts for Latvia through end-2019 for more than 50 economic and key industry indicators. We evaluate growth, and also forecast the impact of economic management.

Economic Outlook Contents

The Latvia Country Risk Report

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