Latvia economy briefing: Key Economic Indicators Changes in the Covid-19 Crisis Situation

Task of the science is to serve
people.

– Tolstoy –

Science is the captain, and
practice the soldiers.

– Leonardo da Vinci –

Frontiers of science are like the
horizon: the more we approach
it, the more it moves away.

– Boiste –

The fantasy is more important
than knowing.

– Albert Einstein –

Science – it means organized
knowledge.

– Spencer –

Freedom for the science the
same as the air for a living soul.

– Poincaré –

Research area of all sciences is
endless.

– Pascal –

System of science must be
looked at as the system of
nature: all in it is endless and
necessary.

– Cuvier –

Scientific plan without working
hypothesis is a skeleton without
living body.

– Hirschfeld-

The main research subject of
mankind is the human.

– Goethe –

All is important in science.

– Heine –

Books must be results of
sciences, but sciences not results
of books.

– Bacon –

Scientist is not the one, who
gives the right answers, but the
one, who asks the right
questions.

– Claude Lévi-Strauss –

The more we will seek for the
truth outside us, the more we
will move away of it. The more
we will be able to understand
who we are, the more the truth
will assert us in ourselves.

– Antonio Meneghetti –

Before being dictated the nature
needs to be obeyed.

– Bacon –

A true scientist is not one who
has more acquired, but one who
has more understood.

– Leibniz –

Science – to know how the
being acts. To know the action
of the being.

– Antonio Meneghetti –

Science is benefactor of
mankind.

– Berthelot –

Sākums » News » Latvia economy briefing: Key Economic Indicators Changes in the Covid-19 Crisis Situation

Latvia economy briefing: Key Economic Indicators Changes in the Covid-19 Crisis Situation

December 2020 | Briefings, Economy

Original publication available at the China-CEE Institute website

Introduction

Latvian economy in 2020 has faced significant difficulties due to Covid-19 crisis. However, due to governmental support measures and conscious behaviour of society the consequences are less than they could be. In this briefing the main outcomes of this year are analysed and compared to the previous year and situation in Europe in general. Key indicators of economic development, which are considered and analysed are the following:

Gross domestic product rate (GDP);
Wages and salaries level;
Expenditure approach;
Unemployment rate;
Business environment situation.

Full publication can be found here.

*This article has been made in cooperation with China-CEE institute and is the intellectual property of China-CEE institute