What can be expected in the future? To summarise in one sentence – further improvement in the situation, albeit gradual. The latest corporate survey indicators in key export markets point to stabilisation at a high level, while the order book assessments provided by Latvian companies suggest that the export curve could continue to climb. There are certainly preconditions for further growth in industry and actual export volumes, but in foreign trade data, a counter-effect may be created by the cooling of price volatility in certain sectors. The US lumber price index, which gained unexpected fame over the last few months, has already fallen by about half, even though it is still at a higher point than it ever was prior to August of last year. Moderate price corrections have taken place in metal markets, but here, too, the level remains very high.
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In recent weeks, both in the Saeima and the Cabinet of Ministers, the thesis has been heard once again: “We must act this way, otherwise there will be penalties, infringement procedures, etc.” Often, such a pseudo-argument completely excludes reasonable disputes, discussions, or alternatives, forcing those responsible to make decisions hastily and not always in the interests of Latvia. Why is that?
Old habits are hardening - someone somewhere knows better, let us rely on them
Lack of sufficient capacity or laziness to defend a different point of view
A generation of cabinet officials has been created who are accustomed to accepting rather than delving into matters
This is a serious problem for Latvia for which no solution is being sought. It will probably be all right somehow...
Manufacturers predict further export growth



