RIGA - Latvian economy has fared better than anticipated during the Covid-19 crisis, the Finance Ministry told LETA.
Latvia's gross domestic product decreased 9.8 percent in the second quarter year on year due to the impact of the Covid-19 crisis, according to the Central Statistical Bureau's flash estimate released earlier today.
"Even though this is the steepest fall since 2010, the economic downturn has been less severe than anticipated as manufacturing industries were more resilient and service sector has been recovering faster than ant...
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