Latvia's Economic Response to Covid-19

Key Strengths Underpinning Latvia's Credit Profile 3 Flexible and resilient economy with strong and coordinated response to economic challenges Broadly-diversified exports, important factor underpinning healthy current account balance In 2020, the contraction of economic has been less harsh on Latvia than initially forecasted. The economic recovery is expect to start in mid-2021 Prudent fiscal management in previous years has reduced the debt level and made the fiscal space to absorb the Covid-19 negative impact to the economic Well-capitalized and liquid banking sector, with tighter AML/CFT regime

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