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According to Aseradens, the government has to accumulate all the resources available for an economic jump-start after the crisis is over, which, judging from the development of vaccines, will happen at the beginning of next year.

At the same time, Latvia's gross domestic product per capital is still lower than the European Union's average, which is a clear signal to the Latvian economic and political elite that they must consider ways to change the situation in the country, said Aseradens.

Gundars Berzins, head of the University of Latvia's Business, Management and Economics Department, explained that the Latvian Productivity Report was an independent and scientific expert opinion on productivity factors that offer policymakers tools to promote economic competitiveness and growth. The document has been prepared in accordance with the European Union standards.