RIGA - One of the main challenges to the Latvian economy is the possibility of unbalanced labor market development and the risk that wages grow faster than productivity, prompting inflation and affecting competitiveness, reports Nozare.lv.To counter these risks, productivity needs to be enhanced, and labor skills, activity and mobility must be improved. This requires action to be taken by the state and business alike to improve the system of benefits, education quality, innovation environment, infrastructure, investments in development of new products, as well as action by residents t...
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