Implications of the outbreak of the coronavirus Covid-19

On changes in the provision of Latvijas Banka's services

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In the light of the latest global economic developments, including the implications of the COVID-19 pandemic, Latvijas Banka has revised its projections for Latvia's GDP growth in 2020 downwards from –6.5% in its March forecasts to –7.5%, and inflation projections from 0.5% in March forecasts to 0%. Economic growth is expected to rebound to 6.7% in 2021, while inflation will edge up to 0.2%.

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