Q: What is your forecast for the coming year and when do you foresee economic recovery?
A: Latvia has had very rapid growth over the past four to five years. But there is no 'free lunch' and Latvia's economy has overheated. The government now has to think about how to revive the economy and I believe the right steps are finally being taken. The government is currently working on reducing the size of the budget deficit and most probably will come back to the balanced budget at the beginning of next year.
