Posts tagged as Economic Outlook report

Swedbank says Latvian GDP to fall 7.5% this year

Wednesday, May 13, 2020

A new Economic Outlook report from the region’s largest retail bank, Swedbank, contains latest predictions about the economic challenges presented by the coronavirus crisis. For Latvia, that means an economic contraction of around 7.5% and unemployment of just under 10%, according to the latest data. “With the coronavirus hitting the services sector in March, economic activity in Latvia declined by 1.4% annually in the first quarter of 2020, following an already…