RIGA - This year, the decline in the Latvian economy will be smaller than previously forecast, amounting to 4.5 percent, Minister of Finance Janis Reirs (New Unity) points out in the assessment for 2020 published on the website of the Ministry of Finance.
The Minister mentions that in the first nine months of this year, the Latvian economy contracted by 4.3 percent, confirming that the economic downturn in the second and third quarters due to the Covid-19 crisis was not as deep as initially expected, and the economic recovery was more successful than previously forecast. ...
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