By 
Latvia’s?economy?contracted for the first time in more than two years, preliminary data from the statistical office showed on Friday.
Gross domestic product fell a non-adjusted 0.9 percent year-on-year in the second quarter, reversing a 0.8 percent rise in the first quarter.
On a seasonally and calendar-adjusted basis, GDP also fell 0.5 percent in the June quarter, following a 0.3 percent expansion in the previous quarter.
On a quarterly basis, the seasonally and calendar-adjusted GDP decreased 0.6 percent in the second quarter after rising 0.5 percent in the previous quarter.
Detailed data for the second-quarter figure is set to be released on August 31.
Comments