Imports in Latvia

Latvia Imports (EUR bn, %) | Economic News & Forecasts

Latvia - Imports (percent change based on Euros)

The economic panorama is darkening further in Q2, after the economy shrank for the first time in nearly a decade in Q1. Plunging consumer demand chiefly drove the first-quarter contraction, with household consumption contracting at the sharpest rate in over 10 years amid constraining effects of Covid-19. Turning to Q2, business sentiment plunged to an over 10-year low in April and slipped further in May, signaling that private sector activity will have contracted sharply in the quarter. Similarly, restrictions to contain Covid-19 likely curtailed consumer spending in April–May, as unemployment likely soared, while collapsing external demand continued to hinder exports. More positively, however, authorities have been gradually easing restrictions since early May which should give the economy some much-needed respite at the end of Q2.

Latvia - Imports (EUR bn, %) Data

2014   2015   2016   2017   2018  
Imports (annual variation in %)2.2  -1.0  -2.3  11.9  7.5  

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Latvia Facts

Value Change Date
Bond Yield0.550.0 %Jun 30
Exchange Rate1.120.65 %Dec 31

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