In the media: Professor Arnis Sauka talks about the impact of the Covid-19 on the economy in Latvia
National daily newspaper Diena has published an interview with SSE Riga Professor and Director of the Centre for Sustainable Business Arnis Sauka on the impact of COVID-19 on the economy.
"At the moment, I would not say that our economy is in crisis. However, we see declining trends in some industries. My forecast is that there will be more serious negative effects on the economy in the next year. The crisis will not be as serious as, for example, in 2008. Tourism and the catering industry are struggling, but their contribution to gross domestic product (GDP) is not so significant to impact the whole economy," concludes Arnis Sauka.