Latvia’s economic growth eased notably in the three months ended December, preliminary figures from the Central Statistical Bureau showed Tuesday.
Gross domestic product rose a seasonally and working-day-adjusted 0.3 percent sequentially in the fourth quarter, slower than the 1.5 percent expansion in the third quarter.
On a yearly basis, the economy grew 4.8 percent in the December quarter, following a 6.2 percent growth in the September quarter.
Without seasonal adjustment, annual economic growth moderated to 4.2 percent in the fourth quarter from 5.8 percent in the previous three-month period.
Separately, the statistical office revealed that annual retail sales growth accelerated to 6.4 percent in December from 4.7 percent in November.
The material has been provided by InstaForex Company – www.instaforex.com
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