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Monday 24.02.2020 | Name days: Diāna, Dina, Dins

S&P Global Rating upgrades Latvia’s credit rating to historically highest level

International credit rating agency S&P Global Rating has upgraded Latvia’s credit rating from A to A+ with stable future outlook, as mentioned in the agency’s published announcement.

FDP: economic growth may be slowed by multiple global and domestic risks

Latvia’s Fiscal Discipline Council agree on Finance Ministry’s analysis, expecting the strong effect from slowed economic growth to remain in 2020, the council says.

Eurostat: Latvia’s GDP growth reportedly below average in EU in Q4 2019

When compared to the same period of the previous year, Latvia had a lower GDP than the average in the European Union in Q4 2019, according to data published by Eurostat for 20 of the union’s countries.

Latvia’s gross domestic product increases 1.1%

Compared to Q4 2018, the gross domestic product (GDP) value increased by 1.1 % in Q4 2019 according to seasonally and calendar non-adjusted data.

Bank of Latvia downgrades GDP growth outlook to 2.3% for 2019

The Bank of Latvia has downgraded GDP growth outlook for 2019 from the previous 2.5% to 2.3%, whereas economic growth outlook for next year has been preserved at 2.6%, as journalists were told by Bank of Latvia governor Ilmārs Rimšēvičs in an interview to Latvijas Radio on Monday, 16 December.

Tallinn region GDP portion decreases in Estonian economy

In 2018, 65% of the Estonian gross value added was created in Harju county, while the rest of the country is inching closed with Harju county, the official statistics of the Baltic country showed.

EC predicts Latvia to have the slowest economic growth among Baltics

The latest economic outlook from the European Commission estimates that Latvia’s GDP will likely grow 2.5% this year, which means the slowest economic growth among Baltic States.

Minister: Latvia’s budget for 2020 allocates funding for healthcare and other sectors

Latvia’s budget for 2020 allocates finances to healthcare, education, justice and internal security sector, said Latvia’s Finance Minister Jānis Reirs during debates about the next year’s budget in the Saeima.

Flash estimate: Latvia’s GDP increases 2.8% in third quarter of 2019

Compared to Q3 2018, the gross domestic product value increased by 2.8 %in Q3 2019 based on seasonally and calendar non-adjusted data.

European Central Bank raises GDP and inflation forecast

European Central Bank has revised two macro-economic forecasts for 2011. It is projected the eurozone GDP will expand 1.9% instead of the previously forecast 1.7%, while inflation is said to climb 2.6% instead of 2.3%.

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.

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