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Expert: Latvia's Economy Is on a Growth Wave, but Residents May Face an Unpleasant Turn at the End of the Year
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Latvia's economy is growing faster than previously expected this year, supported by exports, investments, the housing market and credit growth. However, price increases caused by global energy and logistics shocks may become increasingly noticeable towards the end of the year, which may slow down the growth of the purchasing power of the population, according to Pēteris Strautiņš, chief economist at Luminor Bank.
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