There are two vitally important issues. The first is to continue vaccination campaigns to strengthen public resilience against new waves of the virus. On the other hand, we must continue to support the economy for as long as necessary. At the EU level, we are already thinking about how to work on economic recovery by mobilising significant financial resources for this purpose. The goal is not only to restore economic growth but to work on changing the economic model, i.e., to work towards a green and digital transformation. In this context, both structural reforms and large-scale investments will be required. The aim of these reforms and investments is to achieve economic competitiveness alongside the process of green and digital transformation, for example, by taking a lead in the development and implementation of green and digital technologies, and by adapting a social market economy model suitable for the challenges of the 21st century. Alongside these aspects of green and digital transformation and economic competitiveness, it is also important to ensure that economic recovery is inclusive, thus ensuring the prosperity of all, of the entire society. Therefore, we are talking here about investments in human capital, as well as support for areas such as education, healthcare, and the social sector.
Valdis Dombrovskis urges Latvia to "work on changing its economic model"
