5% annual growth – realism or illusion?

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aivars15 16.07.2016. 12.42

At some point the civil servants will have to tell politicians that due to falling overall population and especially the workforce, it does not make sense to make plans expressed in absolute terms, i.e. increases of health budget or kilometers of road network. Even if GDP per employee will increase by 5%, overall will definitely not.

The planning will have to be in relative terms, i.e. health spending per person, km of asphalted roads per working person, etc. That will ask for strategies how to orderly reduce existing infrastructure, not how to increase or maintain it.

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Viesturs 14.07.2016. 10.57

Well put, thanks.

Just few notes. It is even more sobering to note that all of our export markets are slowing down too. 1)Perhaps we could hope for incremental increase of productivity via younger, more educated workforce entering the market for the first time. 2)increasing automatization in certain manufacturing sectors 3)many of those retiring will nevertheless continue to seek employment opps to augment their income.

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    Morten Hansen > Viesturs 14.07.2016. 11.13

    I agree with all three (and especially number one will be interesting to follow). But it is a massive shortfall of labour that awaits…

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Anonīms 12.07.2016. 15.09

illusion illusion – kas tur ko gari spriest – viss ir illusion

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