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Latvian economy continues plunge

  • 2009-12-11
  • Oskars Magone

RIGA - The Latvian economy fell by 19 percent year-on-year in the third quarter of the year, the national statistics agency reported.

The decline highlights the economic problems experienced by the EU country worst hit by the economic crisis.

The GDP data was released shortly before investment statistics were also released. The stats showed that non-financial investments in Latvia fell by 41.5 percent.