Latvijas Banka has revised its gross domestic product (GDP) and inflation forecasts for Latvia. Considering the latest global economic developments, including the implications of the outbreak of coronavirus COVID-19, Latvijas Banka has revised downwards its forecast of Latvia's GDP growth for 2020 to –6.5% and that of inflation growth to 0.5% (2.6% and 2.4% in December 2019 projections accordingly). Moreover, in view of the heightened uncertainty surrounding the forecasts, they may be subsequently adjusted significantly in case of insufficient progress being made worldwide in limi...
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