RIGA - The forecast of the dynamic of Latvia's gross domestic product (GDP) for this and next year is better than the forecast for the European Union's (EU) economy, the European Commission's Executive Vice President Valdis Dombrovskis told LETA.
Informing about the European Commission's Summer 2020 Economic Forecast, Dombrovskis said that the forecast for the Latvian economy remains unchanged from the spring forecast, anticipating a 7 percent contraction of Latvia's GDP this year and a 6.4 percent increase in 2021.
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