Latvia Slips Into Recession for First Time in Six Years

  • GDP contracts 0.1% q/q in 1Q after dropping 0.4% in 4Q
  • Exports, manufacturing and consumption all weigh on economy

Latvia’s economy slipped into recession for the first time in six years as declining production at the Baltic nation’s only steelmaker curbed manufacturing and exporters struggled to find new markets.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.