Latvia: budget deficit at 4.5% of GDP in 2020

In 2020, general government budget deficit accounted for EUR 1.3 billion or 4.5% of the Gross Domestic Product (GDP) and general government consolidated gross debt amounted to EUR 12.7 billion or 43.5% of the GDP. Under the impact of Covid-19 pandemic in 2020 general government revenues, compared to 2019, reduced by 0.4% and comprised EUR…

Estonia: unemployment up in March 2021

Registered unemployment rose from 5.8% to 8.7% YoY as of the end of the first quarter of 2021, particularly in more rural counties, which had been hit hard by the ongoing economic effects of the pandemic even if their reported coronavirus rates were not as high as other areas. Women, too, have been hit more…