COUNCIL OPINION
of 8 March 2005
on the updated convergence programme of Latvia, 2004-2007
|
2004 |
2005 |
2006 |
2007 |
|
Real GDP (% change) |
CP Dec 2004 |
8,1 |
6,7 |
6,5 |
6,5 |
COM Oct 2004 |
7,5 |
6,7 |
6,7 |
n.a. |
|
CP May 2004 |
6,7 |
6,7 |
6,5 |
6,5 |
|
CPI inflation(2) (%) |
CP Dec 2004 |
6,2 |
4,3 |
3,0 |
3,0 |
COM Oct 2004 |
6,8 |
4,7 |
3,5 |
n.a. |
|
CP May 2004 |
4,5 |
3,7 |
3,0 |
3,0 |
|
General government balance (% of GDP) |
CP Dec 2004 |
– 1,7 |
– 1,6 |
– 1,5 |
– 1,4 |
COM Oct 2004 |
– 2,0 |
– 2,8 |
– 2,9 |
n.a. |
|
CP May 2004 |
– 2,1 |
– 2,2 |
– 2,0 |
– 2,0 |
|
Primary balance (% of GDP) |
CP Dec 2004 |
– 0,9 |
– 0,9 |
– 0,8 |
– 0,7 |
COM Oct 2004 |
– 1,2 |
– 2,0 |
– 2,0 |
n.a. |
|
CP May 2004 |
– 1,2 |
– 1,3 |
– 1,2 |
– 1,2 |
|
Government gross debt (% of GDP) |
CP Dec 2004 |
14,2 |
14,5 |
15,8 |
15,0 |
COM Oct 2004 |
14,6 |
15,4 |
16,6 |
n.a. |
|
CP May 2004 |
16,2 |
16,8 |
17,3 |
17,7 |
|
Convergence programme (CP); Commission services autumn 2004 economic forecasts (COM); Commission services calculations |