According to seasonally adjusted data, Latvia's GDP grew by 2.5% in the fourth quarter compared to the same period last year. In October-December, all EU countries recorded economic growth, except for Romania, where GDP decreased by 1.5%. The highest growth was recorded in Malta (+6.4%), Cyprus (+4.5%), Poland (+3.6%), Croatia (+3.3%), and Lithuania (+3.1%). In Estonia, as well as in Italy, GDP grew by 0.8%. On average, GDP in the EU grew by 1.4% in the fourth quarter compared to October-December last year, while in the eurozone it grew by 1.2%. Compared to July-September, GDP in both the EU and the eurozone grew by 0.2%. Economic growth compared to the previous quarter was recorded in 22 countries, with the highest growth noted in Malta (+2.1%), Lithuania (+1.7%), Croatia, and Cyprus (both countries +1.4%). At the same time, declines were recorded in Ireland (-3.8%), Romania (-1.9%), Luxembourg, and Estonia (both countries -0.1%), while Austria's GDP remained at the same level. In Latvia, as in the Czech Republic, the economy grew by 0.6% compared to the previous quarter. !function(e,n,i,s){var d="InfogramEmbeds";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,"script","infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");
