The expected economic recovery came unexpectedly fast. Although several sectors are still in crisis, the latvian economy as a whole already india phone number list exceeded the pre-crisis level in the second quarter of the year. The recovery is also strong in our partner countries. Although the risks of recurrence of the virus remain, especially in latvia, where india phone number list vaccination coverage is extremely low, economies have adapted and a new. For a revision of latvia's gdp forecast upwards of up to 4% this year. Next year we will grow even faster.
Remain well above potential and will reach 3.5%.The world economy is growing, but not without. Obstacles during this summer, the gdp of all nordic india phone number list and baltic economies has already risen above the. End-2019 reading. Although the euro area is still lagging behind pre-crisis levels, positive surprises in. Almost all european countries india phone number list have led to a more optimistic outlook for this year. However, faster. Growth in both europe and the world is being and will be hampered by the bottleneck of the supply side. Disruptions in the supply chain.
Province are affecting not only chinese exports but global trade. Vaccination coverage in europe, especially in the india phone number list nordic countries, is wide, suggesting that outbreaks in the autumn and winter will not. Have a significant impact on the economy. Separately, possibly locally, growth can be hampered not. Only by a lack of raw materials india phone number list or components, but also by insufficient human resources. The labor market in both the nordic and baltic countries is recovering unexpectedly. Rising sharply. Among the sectors, this issue is particularly.