Latvia: Growth accelerates but remains weak in Q3
According to preliminary national accounts data released by Latvia’s Statistical Institute on 30 November, GDP rose 2.8% year-on-year in the third quarter. This was a notable improvement from the second quarter’s 1.8% expansion, reflecting stronger activity growth in the industrial and services sectors, but still marked the second weakest expansion in three years.
Meanwhile, in seasonally- and working-day adjusted quarter-on-quarter terms, the economy rose 0.3% in Q3, unchanged from the second quarter’s reading.