01574cas a2200241 a 4500 AALejournalIMF000963 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451824421 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Republic of Latvia : Staff Report for the 1999 Article IV Consultation. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (63 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 1999 Article IV Consultation highlights that macroeconomic developments in Latvia were severely affected by the Russian economic crisis. Real GDP declined by 1.9 percent in the fourth quarter of 1998, and further contraction is estimated for the first quarter of 1999. As a consequence, the rate of unemployment rose to 10.1 percent in May, up from 7 percent a year earlier. Meanwhile, inflation has continued to fall amid continued tight monetary policy and weak domestic demand, reaching 1.9 percent in May. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 1999/077 Full text available on IMF http://elibrary.imf.org/view/journals/002/1999/077/002.1999.issue-077-en.xml IMF e-Library