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2015 OECD Economic Outlook, Volume 2015 Issue 1

image of OECD Economic Outlook, Volume 2015 Issue 1

The OECD Economic Outlook  is the OECD's twice-yearly analysis of the major economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances.

Coverage is provided for all OECD member countries as well as for selected non-member countries. This issue includes a general assessment, chapters summarising developments and providing projections for each individual country, a special chapter on investment and a statistical annex.

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Latvia

Growth is expected to improve only slightly in 2015, but more robustly in 2016. Exports will continue to be weakened by the severe recession in Russia, but this will be partly offset by the recovery in the euro area. Private consumption will remain strong, supported by further increases in household disposal income. However, the pick-up in investment will be delayed due to the regional geopolitical tensions and the resulting high level of uncertainty.

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