Facilitation of sustainable growth requires use of global technology development trends
When welcoming the participants of LMT SMART FUTURE 2017 conference, the Head of OP Corporate Bank plc Latvia Branch Elmārs Prikšāns emphasised: “For us to also be able to speak about sustainable economic growth in Latvia in three, five and ten years to come, it is important to use the global trends – digitisation, robotisation, artificial intelligence - already now, to make them work for us.
The Head of OP Corporate Bank plc Latvia Branch pointed out that the current economic growth is pleasing, but, nevertheless, in order to preserve it, we should facilitate the creation of innovations and productivity.
Elmārs Prikšāns said at the conference: "The growth is excepted to be slightly above 4% this year and the macroeconomic experts confirm that such growth rate will also be preserved in the next two years. Unfortunately, challenges such as labour force availability and wage increase come along with it. We should already get down to creating and implementing innovations now, so as not to lose the competitiveness of Latvia in the future. We should already start working smarter today."
The Chief Economist of OP Corporate Bank Helsinki Branch, Helena Mikkonen, in turn, introduced the global economic development trends to the participants of the conference. She pointed out that, as demonstrated by the three large global economies - the USA, Europe and China, the global economy is developing very well at the moment. H. Mikkonen emphasised that these processes will leave a positive impact on the Latvian national economy and its performance and indices look great.
LMT SMART FUTURE 2017 conference, held this week in the renovated VEF Culture Palace, gathered entrepreneurs, financial experts and professionals of various fields, in order to share experience, knowledge and forecasts regarding trends and changes, already having a significant influence on the business environment now. The conference was organised with the support of OP Corporate Bank plc.