Latvia GDP growth slows in Q3
Photo by Feng Yu / Shutterstock.com
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%.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.