RIGA - The International Monetary Fund has revised Latvia's gross domestic product projection for this year, and now expects Latvia to post steepest economic downturn in the Baltics in 2020, while next year Latvia is projected to achieve the fastest economic growth in the Baltic countries.
The IMF's latest World Economic Outlook predicts that the Latvian economy will contract by 8.6 percent this year, instead of growing by 2.8 percent as the IMF estimated last October. Next year, the IMF projects Latvia's GDP growth at 8.3 percent, which will be the fastest am...
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