In Q2 2024, Latvia was among five countries of the European Union (EU) that suffered a drop in their GDP when compared to the same period of the year prior, according to data reported by Eurostat.
According to seasonally adjusted data, Latvia’s GDP went down by 0.4% in Q2 2023.
An economic drop in the second quarter was recorded year-on-year in Germany (0.1%), Finland (0.7%), Ireland (1.4%) and Estonia (1.7%). GDP remained unchanged in Austria and Sweden.
Of the countries for which preliminary data are available, Poland (4%), Cyprus (3.7%), Spain (2.9%) and Bulgaria (2%) had the fastest…
