Latvia GDP growth slows in Q3
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Latvia's economic growth slowed sharply in the third quarter after a strong rebound in the previous three months, preliminary estimates from the Riga-based Central Statistical Bureau (CSB) showed.
Gross domestic product (GDP) rose a seasonally and calendar non-adjusted 4.8% year-on-year following a 10.8% growth in the second quarter. In the third quarter of 2020, economic output decreased 2.8%.
The GDP was affected by output growth of 1.3% in producing sectors and of 6.1% in services sectors.
On a seasonally and calendar-adjusted basis, GDP grew 0.3% from the previous quarter, when it had increased 2.5%.
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