Latvia: Growth picks up in the fourth quarter
According to a flash estimate released by the Statistical Institute on 30 January, the economy expanded 5.0% in year-on-year terms in the fourth quarter of 2018, up slightly from the third quarter’s sturdy 4.8% increase. The booming construction sector spearheaded the expansion.
In seasonally-adjusted quarter-on-quarter terms, growth decelerated somewhat in the fourth quarter, clocking in at 1.1% compared to 1.8% in the third quarter.