Estonia, where the situation is very similar, last year recorded a budget surplus of 3% of GDP.) If we fail to have a firm grip on the steering wheel and we dismiss the danger of driving too fast, our breakneck speed can land us in a ditch!
We can only regret that Mr. Hansen has not applied his theoretician’s savvy to come to the aid of the Latvian economic policy makers: to specify the list of tasks that would allow the excessively rapid development to slow down so that Latvia would continue to develop in the long term with a yearly growth of 6-7% instead of running the danger of overheating as is obvious from the estimates of the last quarter of last year.