Quarterly the Council, similary to other EU member states' independent fiscal institutions, prepares Latvian economy cycle heatmap.
Heatmap available in MS Excel format from 2000 1st quarter till 2019 2nd quarter.
The economy in 2nd quarter continued to warm mainly due to the tight labour market situation. Employment continued to grow.
Overall economic performance began to see a slowdown. Although capacity utilization remains high, demand in the construction, industry and services sectors has started to decline. The economic sentiment indicator has slightly cooled.
Last modified : 21 October 2019