RIGA - The situation now in Ukraine presents the most fundamental risk to growth of the Latvian economy, said the Ministry of Economy’s Progress Report ‘National Reform Program of Latvia for the Implementation of the Europe 2020 strategy,’ reports Nozare.lvThe report emphasizes that the role of investments will become more important in order to secure stable growth. The high and maximum capacity loads observed in sub-sectors of industry confirm this, and show the need for investment. Private consumption contribution to growth will gradually decrease, with a decline...
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