Flash comment: Latvia - GDP Q1
Latvia: private consumption dragged down Q1 GDP

  • GDP down in Q1 2020 by 1.5% YoY, and 2.9% QoQ 
  • Growth dragged down by private consumption 
  • Value added fell the most in transport as well as arts and recreation

The second reading of GDP figures was little changed from the flash estimate.

Swedbank expects GDP to contract by 7.5% in 2020 and recover only modestly in 2021 (by 4.3%)

PDF-Document Read full analysis here

For more information please contact Ms. Līva Zorgenfreija, +371 67445875, liva.zorgenfreija@swedbank.lv

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