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Financial News: Latvia Growth Eases In Q2

Latvia Growth Eases In Q2

07/30/2019 - 10:38:00 (RTTNews)

(RTTNews) - Latvia's economic growth slowed further in the second quarter, flash data from the Central Statistical Bureau showed on Tuesday.

Gross domestic product grew a non-adjusted 2.1 percent year-on-year following a 3 percent rise in the previous quarter.

The pace of growth has slowed from a recent peak of 5.1 percent logged in the fourth quarter of the year.

On seasonally and calendar-adjusted basis, GDP rose 0.8 percent from the previous three months after a 0.1 percent decline in the first quarter.

The statistical office is set to publish detail data on the second quarter GDP on August 30.

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