01796cas a2200241 a 4500 AALejournalIMF015198 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484355626 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Republic of Latvia : Staff Report for the 2015 Article IV Consultation. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (48 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 2015 Article IV Consultation highlights that Latvia's strong recovery has recently slowed in the face of sluggish growth in the euro area and deteriorating economic conditions in Russia amid rising geopolitical tensions. GDP growth decelerated to 2.4 percent in 2014 reflecting weak demand and the prolonged closure of a steel manufacturer. In 2015, the weak external environment, particularly the sharp slowdown in Russia, will continue to weigh on exports and investment. This is expected to be mitigated, but not fully offset, by higher disposable income owing to lower oil prices and robust real wages, the reopening of the steel manufacturer, and the accommodative monetary stance of the European Central Bank. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2015/110 Full text available on IMF http://elibrary.imf.org/view/journals/002/2015/110/002.2015.issue-110-en.xml IMF e-Library