OECD Economic Surveys Latvia 2024 is popular PDF and ePub book, written by OECD in 2024-04-25, it is a fantastic choice for those who relish reading online the Uncategoriezed genre. Let's immerse ourselves in this engaging Uncategoriezed book by exploring the summary and details provided below. Remember, OECD Economic Surveys Latvia 2024 can be Read Online from any device for your convenience.
OECD Economic Surveys Latvia 2024 Book PDF Summary
Russia’s war of aggression against Ukraine has led to higher energy prices and disruptions in trade and supply chains, weighing on economic growth. Economic convergence had already slowed down before the pandemic, calling for accelerating structural reforms. Rising spending pressures related to defence, internal security, health and old age poverty need to be addressed by raising spending efficiency and tax revenue, while the tax burden should be shifted from labour towards other income, property, and environmental taxes. Continuing to improve the capacity of the public sector, fostering investment and innovation and addressing skilled labour shortages are key for raising potential growth. Low credit supply is a main factor for weak investment and should be tackled by fostering competition and deepening capital markets. High informality, which hinders access to finance and distorts the level playing field, should be addressed by reducing labour taxes for low-wage earners, improving tax enforcement and continuing to fight corruption. Strengthening the power of the Competition Council to enforce competitive neutrality of state-owned enterprises and challenge regulation that restricts competition would help to foster business dynamism and innovation. Addressing skilled labour shortages will require facilitating skilled migration and investing more in human capital. SPECIAL FEATURE: RAISING INVESTMENT TO SUPPORT GROWTH
Detail Book of OECD Economic Surveys Latvia 2024 PDF
- Author : OECD
- Release : 25 April 2024
- Publisher : OECD Publishing
- ISBN : 9789264547827
- Genre : Uncategoriezed
- Total Page : 141 pages
- Language : English
- PDF File Size : 21,5 Mb
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