Republic of Lithuania: Staff Report for the 2015 Article IV Consultation

June 1, 2015

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Republic of Lithuania: Staff Report for the 2015 Article IV Consultation, (USA: International Monetary Fund, 2015) accessed November 21, 2024

Summary

This 2015 Article IV Consultation highlights that growth in Lithuania has remained resilient, despite challenges in the external environment. Strong domestic demand growth on the back of improving labor market conditions underpinned real GDP growth of 2.9 percent in 2014. Exports held up reasonably well despite Russian import bans. Growth should remain largely unchanged at 2.8 percent from last year in 2015, as positive external factors counterbalance negative ones and domestic demand remains robust. The main policy challenge will be to secure reasonably rapid convergence with living standards in western Europe going forward.

Subject: Banking, Financial institutions, Income, Labor, Labor share, Loans, National accounts, Wages

Keywords: Appraisal, Baltics, CR, Current account, Debt ratio, EU funds, Exchange rate, Executive board assessment, Finances, Foreign currency, Global, Income, ISCR, Labor resources, Labor share, Loans, Potential GDP, Saving-investment balance, Staffs appraisal, Wages, Western Europe

Publication Details

Pages:

47
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/138
Stock No:

1LTUEA2015001
ISBN:

9781513598871
ISSN:

1934-7685

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