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Latvia GDP Growth Slows In Q1; Retail Sales Rise In April

By Jyotsna V   ✉  | Published:  | Google News Follow Us  | Join Us

Latvia's economic growth eased in the first quarter of the year amid a decline in public spending but strong gains in investment offset the impact, and retail sales grew in April on higher demand for non-food products and automotive fuel, separate reports from the Central Statistical Bureau showed on Friday.

Gross domestic product rose a non-adjusted 2.5 percent year-on-year following a 2.9 percent growth in the previous quarter. The pace of growth slowed for the first time in three quarters and was the slowest in as many.

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