Flash comment: Latvia - GDP Q1 Flash
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

PDF-Document Read full analysis here

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

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