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Latvian Finance Ministry Forecasts 2012 GDP Growth at 2.5%

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Nov. 1 (Bloomberg) -- Latvia’s economic growth should slow to 2.5 percent next year from 4.5 percent in 2011, the Finance Ministry said today in an e-mailed statement.

The inflation rate this year should be 4.4 percent, falling to 2.4 percent in 2012, the Riga-based ministry added.

To contact the reporter on this story: Aaron Eglitis in Riga at aeglitis@bloomberg.net

To contact the editor responsible for this story: Alan Crosby at acrosby1@bloomberg.net