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Tuesday, 09.06.2026, 07:02
Central bank: shutting down Liepajas metalurgs will reduce GDP growth by 0.6-0.7%
BC, Riga, 17.05.2013.
Print version
Print versionIf the financially-troubled metallurgical company Liepajas metalurgs is shut down, Latvia's economic growth will be reduced 0.6-0.7% this year, Bank of Latvia President Ilmars Rimsevics predicted during a press conference yesterday, cites LETA/Nozare.lv.
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At the beginning of the year, the Bank of Latvia predicted 3.6% GDP growth in 2013. The central bank will release its next forecast on Latvia's economic growth in July.
As indicated by first-quarter data, Latvia's economic growth stalled slightly in the first three months of 2013.
According to the Central Statistical Bureau's flash estimate, Latvia's GDP grew 3.1% in the first quarter of 2013.
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