Bank of Latvia Lowers GDP Forecast, Raises Inflation Expectations

The Bank of Latvia (LB) has revised its economic growth projections, indicating that the gross domestic product (GDP) will grow more slowly this year and over the next two years than previously forecast in December. At the same time, the central bank anticipates a faster rise in inflation compared to its earlier estimate. Specific figures or detailed indicators were not disclosed, but the adjustments reflect changes in the economic environment affecting both consumer prices and overall output.