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Latvia’s Vilks Sees GDP Growth at About 5 Percent in 3rd Quarter

Latvia’s economy may have expanded about 5 percent in the third quarter from a year earlier, led by industrial production, retail sales and transport growth, Finance Minister Andris Vilks said on his Twitter account.

Industrial production grew 8.1 percent in August from a year earlier, the country’s Central Statistics Office said today. Gross domestic product expanded 5 percent in the second quarter from the same period of 2011, the quickest pace in the European Union.

To contact the reporter on this story: Aaron Eglitis in Riga at aeglitis@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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