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Saturday 22.10.2016 | Name days: Irīda, Īrisa

Economists: growth likely to accelerate in next quarter

Although in the Q1 of 2011, the gross domestic product growth was mainly fueled by exporting or export-related industries, Latvia’s GDP rise lags behind Lithuania (3.5%) and Estonia (2.4%). However, the economic growth is likely to accelerate in the next quarter, economists concede.

Latvian GDP expands 3.5%

If comparing with the first quarter of 2010, the Gross Domestic Product grew 3.5% in the first quarter of 2011, according to the seasonally non-adjusted data, the Central Statistical Bureau informs.