EBRD downgrades Baltic states growth forecasts amid trade uncertainty

RIGA, May 13 (Xinhua) -- The European Bank for Reconstruction and Development (EBRD) has revised downward the growth forecasts for the Baltic states for both this year and next.

According to the Regional Economic Prospects report released by the EBRD on Tuesday, Latvia's gross domestic product (GDP) forecast for 2025 has been reduced to 1.8 percent, down from the 2 percent projected by the bank in February. The forecast for 2026 has also been trimmed by 0.1 percentage point, to 2.4 percent.