The Bank of Latvia newsletter reported that: 1) Latvia's GDP grew 1.2% in Q3 2013, making it one of the fastest growing economies in the EU. Private consumption and services were major drivers of growth. 2) Inflation remained low in October due to declining fuel and food prices, though clothing prices increased seasonally. 3) While Latvian goods exports declined 2.3% year-over-year in September due to lower agricultural exports, they have increased for two consecutive months. The European Commission forecasts improving growth in Latvia's trading partners in 2014.