Economist: Latvia's growth needs additional stimulus, or "steroids"
SEB bank economist Dainis Gašpuitis says Latvia's long-term economic growth requires additional stimulus, as current external and internal conditions do not sufficiently support it. He calls for concrete, practical steps to achieve ambitious goals.
In an appearance on TV24's "Ziņu TOP" program, SEB bank economist Dainis Gašpuitis discussed what conditions are needed for Latvia's economy to sustain long-term, stable growth.
Additional stimulus needed
According to the economist, maintaining a high growth rate over an extended period would require additional stimulus measures. He described this need figuratively as a kind of "steroids" for the economy — extra sources of strength to keep growth from stalling.
External conditions and untapped potential
The economist stressed that the current global and regional environment is not conducive to rapid growth. At the same time, he noted that Latvia's domestic potential is not currently being fully utilized, meaning there is room for stronger growth if the right steps are taken.
Concrete steps required
Gašpuitis concluded that achieving ambitious long-term goals — including the possibility, discussed in the segment, of doubling the size of the economy by 2035 — requires more than simply setting targets. Concrete, practical measures are also needed to ensure real, measurable progress in Latvia's economy.
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