Latvia: Q1 GDP hit by the virus once again
- Flash estimate suggests that the GDP in Q1 2021 contracted in line with expectations - by 2.6% with respect to the previous quarter, and by 2.2% in YoY terms.
- Fall registered in producing sectors (-1.3%) is less pronounced than in services (-4%).
- Consumption suffered due to restrictions, but Swedbank cards data indicate a recovery since the low point at the start of January
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