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Économie de la Léttonie en un coup d’œil

Economic Forecast Summary (November 2022)

Economic Outlook Note - Latvia

Economic growth will slow to 2.3% in 2022 and -0.2% in 2023, before rebounding to 2.3% in 2024. The negative confidence shock that followed Russia’s invasion of Ukraine as well as very high and broad-based inflation are weighing on private consumption. Business investment will continue to slow due to high uncertainty and worsening financial conditions, while high energy prices and lower external demand weigh on industrial production.

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Étude économique de la Lettonie (mars 2022)

Le rattrapage par la Lettonie des pays les plus prospères de l’OCDE en termes de revenu par habitant s’est poursuivi pendant la pandémie, malgré la progression lente de la vaccination. Les autorités ont utilisé la politique budgétaire pour faire face aux difficultés du système de santé tout en protégeant les emplois et les entreprises, mais elle pourrait être exploitée davantage pour faire reculer les inégalités et la pauvreté, en particulier parmi les personnes âgées. La population de la Lettonie diminue depuis des décennies et cette tendance va se poursuivre. Cela signifie que les pouvoirs publics doivent s’attacher à rehausser le taux d’emploi des personnes d’âge actif. Pour ce faire, il faudra s’attaquer à l’ample écart de rémunération entre hommes et femmes qui dissuade ces dernières de travailler, repousser l’âge de la retraite et maintenir l’ensemble de la population en bonne santé.

> Études économiques de l'OCDE : Lettonie 2022 (version abrégée)

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Reform Priorities (April 2021)

Going for Growth 2021 - Latvia

Bolstering the social safety net should become the top priority. The European Recovery and Resilience Mechanism and low interest rates offer a unique opportunity not only to mitigate the immediate consequences of the pandemic but also to enhance green and digital transition. Such investments should be complemented by measures that improve skills and facilitate the reallocation of labour and capital.

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2021 Structural Reform Priorities

  • Social protection: Bolster the social safety net
  • Labour market: Increase the responsiveness of education and training to labour market needs
  • Infrastructure: Strengthen infrastructure while prioritising green investments and digital technology uptake
  • Housing: Improve access to good-quality housing
  • Tax system: Increase the effectiveness of the tax system

 

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Policy actions for affordable housing in Latvia (June 2020)

Housing affordability and quality are pressing challenges in Latvia. While Latvian households spend, on average, less on housing than their OECD peers, many are stuck in poor quality housing. Residential investment has stagnated since 2008, and the housing stock has been insufficiently maintained. In the face of these challenges, public support for housing is limited and an underdeveloped rental market further limits affordable housing alternatives. This report provides an in-depth assessment of housing affordability challenges and identifies policy actions to address them. The report is the result of the work of an interdisciplinary team bringing together the Economics Department and the Directorate for Employment, Labour and Social Affairs. The report contributes to the cross-cutting OECD Horizontal Project on Housing. 

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