Market Report, "Consumer Lifestyles in Latvia", Published
While an improving economic climate has caused consumer confidence to rise, optimism remains fragile due to new concerns about the eurozone debt crisis. Another challenge to growth includes the considerable shadow economy, although it is expected to shrink as the economy continues to grow and job opportunities in the formal economy increase. Generally, as disposable income continues to increase it is expected that consumer demand for a wide range of products and services will grow in tandem.
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