Republic of Lithuania: 2013 Article IV Consultation - Staff Report,Information Annex, Public Information Notice, Statement by the Executive Director

Publication Date: March 28, 2013
Electronic Access: Free Full text (PDF file size is 1,409KB).
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Summary: Lithuania has achieved significant macroeconomic rebalancing since the 2008–09 crisis, and vulnerabilities have diminished. The current account and fiscal deficits were substantially reduced, debt has fallen in most sectors of the economy, and wage compression quickly restored competitiveness. The latter laid the basis for a strong exportled recovery, which shifted the engine of growth to the tradable sector. Vulnerabilities have declined in the largely foreign-owned banking sector, as the loan-to-deposit (LTD) ratio has dropped markedly. GDP per capita has recovered to its pre-crisis peak, although Lithuania’s shrinking population also contributed to this.
Series: Country Report No. 13/81
Subject(s): Article IV consultation reports | Economic recovery | Economic growth | Unemployment | Labor market policy | Fiscal policy | Banking sector | Bank supervision | Credit expansion | Staff Reports | Public information notices | Lithuania

Publication Date: March 28, 2013
ISBN/ISSN: 9781484388358/2227-8907 Format: Paper
Stock No: 1LTUEA2013001 Pages: 57
US$18.00 (Academic Rate:
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