Latvia: Q4 GDP surprises on the upside
- GDP in Q4 2020 increased by 1.1% over the previous quarter
- The economy was just 1.4% below levels of the final quarter of 2019, also known as the pre-crisis level
- The virus crisis has resulted in a fall in GDP of 3.5% in 2020. A markedly better result than expected
Despite the announced emergency situation and the increasingly restrictive measures imposed by the government, the GDP in the fourth quarter saw an increase with respect to the previous quarter.
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