The prognosis of the OECD on the expected economic growth in the Baltic countries is positive and of great significance to the world economy, and observers and analysts outside the region should pay attention to it. While its forecast is largely positive, there are also global risks which can considerably influence (or even hinder) the expected economic growth that the organisation anticipates. One of them is Brexit. The UK is the 6th largest trading partner of Latvia and main export market for wood and related products —which are some of the main export products of the Baltic countries. So far the costs of Brexit for Latvian and other entrepreneurs in the Baltic countries have not been as high as expected. Nonetheless, it is beyond question that its occurrence and eventual outcome, will impact significantly and enduringly the economic relationship between the UK, the Baltic countries, and the rest of the EU. Unsurprisingly, a positive outcome could bring political benefits to the parties involved. A negative outcome to the Brexit negotiations, however, could potentially hinder the momentum of one of the most economically dynamic and geopolitically significant EU regions.