The trends and forecasts for Latvian main social indicators in 2021 – Institute of Economics

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Sākums » News » The trends and forecasts for Latvian main social indicators in 2021

The trends and forecasts for Latvian main social indicators in 2021

January 2021 | Briefings, News, Society

Original publication available at the China-CEE Institute website.

Introduction

During the first half of 2021, the government will continue the fight against Covid-19 pandemic. Immunization of the population is the main priority for this period. However, there are several obstacles for the citizens’ vaccination, one of them is the absence of an appropriate, realistic, and efficient plan of vaccination.

Demographic situation in Latvia is worsen yearly, the population is decreasing and ageing, the government need to introduce long-term measures.

The unemployment rate can increase this year up to 10% due to the tax reform, leaving a lot of entrepreneurs and their employees without work. Latvians believe that this year will not bring significant positive changes in the financial situation, most people think that it will remain unchanged.

National minimum monthly wage (gross) has been increased in Latvia from EUR 430 to EUR 500 in 2021. However, it is still less than this indicator in the neighbour Baltic countries and EU average minimum wage rate.

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