Republic of Lithuania: Staff Report for the 2006 Article IV Consultation

May 4, 2006

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Republic of Lithuania: Staff Report for the 2006 Article IV Consultation, (USA: International Monetary Fund, 2006) accessed November 23, 2024

Summary

This 2006 Article IV Consultation highlights that following exceptional economic progress, based on macroeconomic stability and economic flexibility, imbalances and cautionary signals have emerged for Lithuania. Centered around nontraded goods production, GDP grew 7.5 percent in 2005. Most indicators suggest a tightening of resource use: a declining unemployment rate, high capacity utilization, and buoyant asset prices. The current account deficit has remained sizable, with significant reliance on bank and market-based financing to cover it. Rapid credit growth has supported a growing household appetite for mortgages and corporate demands in nontraded sectors.

Subject: Banking, Credit, External debt, Financial institutions, Income, Loans, Money, National accounts, Public debt

Keywords: Baltics, CR, Credit, Deficit, Eastern Europe, EU fund, EU funds, EU integration, Europe, Exchange rate, Foreign currency, Income, Inflation rate, ISCR, Loans, Maastricht inflation reference rate, One-off revenue gain, Public goods, Real GDP, Short-term debt, U.S. dollar

Publication Details

Pages:

55
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/162
Stock No:

1LTUEA2006001
ISBN:

9781451824124
ISSN:

1934-7685

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