RIGA - The European Commission in its latest economic forecasts projects that Latvia's gross domestic product (GDP) this year will decline by 7 percent, showing the second steepest decline in the Baltic states.
At the same time, Latvia's GDP is expected to rise 6.4 percent next year.
Inflation has been projected at 0.2 percent this year and 1.9 percent next year.
The Commission said that due to closure of borders and external demand, investments and exports will suffer most, while domestic consumption will be better than in ot...
The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please authorize yourself.
In case you don't have a subscription yet - please visit our
SUBSCRIPTION section
