Latvia GDP growth eases in Q2

Figures

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Latvia's economic growth eased sharply in the second quarter, after improving strongly in the previous quarter, preliminary data from the Riga-based Central Statistical Bureau (CSB) showed on Thursday.

Gross domestic product (GDP) expanded a non-adjusted 2.6% year-on-year in the June quarter, after a 6.7% rise in the March quarter.

On a seasonally and calendar-adjusted basis, GDP advanced 2.5% compared to last year, slower than the 6.4% increase in the first quarter.

On a quarterly basis, the economy contracted by a seasonally and calendar-adjusted 1.4% from the first quarter, when it expanded 3.4%.

In the fourth quarter last year, GDP fell marginally by 0.1%. 

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