Latvian Manufacturers Are Boosting Output Even as the Decade Has Been Marked by Economic Stagnation
Latvian news portal TVNET's business section asks whether Latvia's industry and economy have reached a new reference point. The author describes this decade as one of stagnation, yet says manufacturers have managed to raise their output.
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Latvia's manufacturing sector and wider economy may have arrived at a new reference point. That is the assessment in an article published on 9 November in the business section of the Latvian news portal TVNET. Its author asks whether the point is a promising one, while noting that this decade has so far been marked by stagnation in the country's economic life.
Comparison with the region
The author acknowledges that the world has faced various complications. Even so, other Eastern European countries are described as moving towards the average economic level of the European Union considerably faster than Latvia.
External risks
Global economic life remains full of difficulties. The article names rising inflation as the biggest one, linked to energy supplies getting stuck in the Persian Gulf. The author says there are at least a few other problems, but the available part of the text does not list them.
Industry's gain
Against this background, Latvian manufacturers have found ways to increase their production volumes. The available part of the article gives no figures or company examples. The article's summary is accessible to TVNET subscribers only.
