Uncertainty has increased both in latvia and in the world, and as we know, small boats swing more in the big waves. At the same time, small boats are easier to india phone number list drive if you have a good captain and team, the ability to show solidarity and react quickly to changing conditions. An actor in the economy whatever the crisis plans for the india phone number list various companies, most of them provided clear action to address the short-term consequences of man or nature, the local crisis, the crisis in a particular sector, and so on. But now we are faced with what the financiers know as the "Black swan", when the economy, like nature during the spring.
Wakes up every day under the influence of the sun, but suddenly a night has come with a glare and disadvantages that no one had imagined. The india phone number list fall in global activity, at least in the short term, will be more severe than during the financial crisis, and we, as a small, open economy, will feel such fluctuations. Swedbank's economists forecast that latvia's economy could shrink by about 5.8% this year, but if the india phone number list virus is contained within a few months, growth will recover sharply next year, with economic activity growing at the same rate as it will shrink this year. Quick reaction unlike the tireless critics, I am very proud of our government's actions.
Although it is not yet clear when we will be able to say that we have managed to combat covid-19, we can safely say that the government's decisions to india phone number list limit it have been very balanced, timely and effective. Compared to other countries, we have relied on the advice of scientists and epidemiologists, without introducing hysterical restrictions, but at the same time communicating the right behavior very decisively, consistently and clearly. Every effort has been made to limit the spread of the virus to india phone number list the extent that our medical system can handle it. Because there was no reason to hope that no one would get sick in latvia.