Latvia's Economic Response to Covid-19
Investment Highlights
Latvia has previously shown a strong ability to recover rapidly from crises situations and overcome
external shocks, for instance during the 2008 financial crisis. Thanks to a flexible and resilient
economy, a prudent fiscal policy and the government's ability to react swiftly in emergency situations,
as proved again during the Covid-19 pandemic, experts anticipate Latvia's economy to rebound in
second half of 2021.
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Flexible and Resilient Economy
→ Government swift actions to
stablize the economy
Sustainable Debt Level
and Prudent Fiscal
Management
→ Still in the line with Maastricht criteria
Resilient towards external
shocks
→ Proven track record in overcoming
economic crisis in the past
Belongs to the Core of Europe
→ EZ membership
→ Member of all the important
international organizations
Predictable public policies
and outstanding track record
of successful structural
reforms
Banks Well Capitalised, Profitable
and Liquid
→ Predominately foreign owned, resident-
serving banking sector
→Comprehensive financial sector reforms
Stable Credit Ratings
→The Flexibility of the economy and
economy's sound external profile
Diversified Export
→ Exports continue to grow despite the
delays in raw material supply chains
impacted by Covid-19View entire presentation