World

Baltic economies see mixed outlook in IMF's latest forecast

Apr 23, 2025

Riga [Latvia], April 23: The International Monetary Fund (IMF) has slightly lowered Latvia's economic growth forecast for 2025, according to the IMF's latest World Economic Outlook, published on Tuesday.
The IMF forecasts Latvia's GDP to grow by 2 percent this year and by 2.5 percent in 2026. In October 2024, the IMF projected the Latvian economy to grow by 2.3 percent this year.
According to the IMF's latest forecast, inflation in Latvia is expected at 2.4 percent both in 2025 and 2026. The IMF forecasts Latvian unemployment at 6.7 percent for this year and at 6.6 percent for next year.
For Estonia, the IMF forecasts GDP growth of 0.7 percent in 2025, down from its October 2024 projection of 1.6 percent for 2025.
In contrast, the IMF has raised Lithuania's 2025 economic growth forecast to 2.8 percent, up from 2.6 percent projected in October 2024.
Source: Xinhua News Agency

More news

Findability Sciences Deepens Global AI Footprint with Strategic Multi-Million Dollar Expansion in Mumbai

Mumbai (Maharashtra) [India], April 30: Findability Sciences, a leading global provider of enterprise AI solutions, today announced a major expansion of its' operations in Mumbai, India, with a strategic investment towards establishing a state-of-the-art Innovation & Delivery Centre. This significant move highlights the company's global growth strategy, leveraging Mumbai's rising prominence as an AI and tech innovation hub to fuel the next phase of enterprise AI solutions worldwide.

Apr 30, 2025