Gross domestic product is projected to fall 7 percent and the government debt to increase to 51.7 percent of GDP this year, the Finance Ministry informed LETA.
The said projections come from the Finance Ministry's Latvian Stability Program for 2020-2023.
According to the Finance Ministry's estimates, economic growth will gradually resume in the coming years and GDP will increase 1 percent in 2021 and 3.5 percent in 2022.
General government budget deficit this year is projected at 9.4 percent of GDP and 5 percent in 2021. Gener...
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