2014-02-07 19:11:01 - Latvia Freight Transport Report 2014 - a new market research report on companiesandmarkets.com
We retain our reasonably positive outlook towards Latvia´s external accounts. While some longer-term challenges do remain in play, Latvia´s current account deficit remains one of the smallest in the EU, and we believe that an increasingly dominant services account surplus will help to offset any future weakness from the trade deficit.
We have revised up our forecasts for the current account deficit, which we expect to be 1.5% of GDP in 2013 and 1.2% of GDP in 2014. Latvia´s accession to the eurozone in January 2014 is not expected to have a major impact on the current account, although a slight acceleration in exports might be experienced as a result due to reduced transactional costs.
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