Latvia: Exports Remain Growth Driver

BusinessEconomy ♦ Published: February 23, 2013; 19:40 ♦ (Vindobona)

In 2013, the Baltic countries will remain the best performing economies in the EU. However, the growth will slow down a bit.

Latvia: Exports Remain Growth Driver / Picture: ©

According to the Latvian Ministry of Economics, Latvia´s economy will record a slightly lower economic growth rate this year compared to 2012. The main growth driver is the exporting industrial sector, the Ministry stressed. Besides that, domestic consumption is increasing moderately. The construction sector will not show the same growth rate like in 2012. In total, the GDP growth will…