Lithuania: Recent Economic Developments
August 26, 1996
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This paper reviews economic developments in Lithuania during 1993–96. Economic growth resumed in 1994 and gained further momentum in 1995; real GDP increased by an estimated 3 percent in 1995. Growth in 1995 was driven by the industrial sector, while agriculture performed poorly. The immediate effects of the banking problems on economic activity, and on other macroeconomic developments, have been limited. Data on industrial production and retail trade indicate continued growth in the first part of 1996.
Subject: Banking, Currency boards, Exchange rates, Foreign exchange, Inflation, Prices, Real exchange rates, Tariffs, Taxes
Keywords: anti-inflation policy, Baltics, CR, Currency boards, disinflation effort, Exchange rates, government, government institution, government operation, government ownership, government program, Inflation, ISCR, Lithuanian authorities, national income, nominal exchange rate, price level, Real exchange rates, Tariffs
Pages:
97
Volume:
1996
DOI:
Issue:
072
Series:
Country Report No. 1996/072
Stock No:
1LTUEA0011996
ISBN:
9781451823929
ISSN:
1934-7685
