Republic of Lithuania: 2017 Article IV Consultation-Press Release and Staff Report

June 30, 2017

Preview Citation

Format: Chicago

Republic of Lithuania: 2017 Article IV Consultation-Press Release and Staff Report, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Summary

This 2017 Article IV Consultation highlights that the economy of Lithuania has been gathering momentum, following sluggish performance in 2015 and most of 2016. Real GDP expanded by 3.9 percent in the first quarter of 2017 after rising by 2.3 percent in 2016. Strong private consumption, on the back of robust wage growth and low inflation that supported purchasing power, has long been a main driver of growth. Building on recent momentum, economic growth should be strong in 2017, rising to 3.2 percent. Improving external conditions and a turnaround in European funds absorption, as well as high capacity utilization, should spur exports and investment.

Subject: Financial institutions, Fiscal policy, Income, Labor, Loans, Macrostructural analysis, National accounts, Structural reforms, Wages

Keywords: Baltics, CR, EU transactions, Europe, Global, HICP, HICP inflation, IMF staff calculation, Income, Inflation, ISCR, Loans, Potential GDP, Productivity gap, Structural reforms, Wages, Western Europe

Publication Details

Pages:

45
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/177
Stock No:

1LTUEA2017001
ISBN:

9781484305966
ISSN:

1934-7685

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