01772cas a2200241 a 4500 AALejournalIMF011680 230101c9999 xx r poo 0 0eng d 5.00 USD 9781463940409 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Republic of Latvia : Fifth Review Under the Stand-By Arrangement and Financing Assurances Review, Request for Waiver of Nonobservance of a Performance Criterion, and Proposal for Post-program Monitoring. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (88 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 Latvia's economy continues to recover, but the worsening global outlook is likely to hurt growth. Implementation of the program has made the economy more robust to shocks, but risks remain that could derail the recovery and the goal of euro adoption. Spillovers from the euro area crisis could increase-reducing growth and increasing capital outflows-and complicate plans to tap international capital markets. The authorities' macroeconomic strategy has centered on substantial wage and price cuts and productivity growth to improve competitiveness and reduce external imbalances. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2012/031 Full text available on IMF http://elibrary.imf.org/view/journals/002/2012/031/002.2012.issue-031-en.xml IMF e-Library