Republic of Lithuania: Staff Report for the 2004 Article IV Consultation
March 31, 2005
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This 2004 Article IV Consultation highlights that impressive growth continued unabated in Lithuania in 2004. GDP expanded by an estimated 6¾ percent in 2004, driven by vigorous private consumption and investment growth. The unemployment rate declined to 10½ percent of the labor force but bottlenecks have developed in certain sectors, exacerbated by migration flows to the European Union (EU) and the United States. Structural reforms continued in 2004, but deeper reforms remain necessary to keep Lithuania on a real convergence path with the EU.
Subject: Balance of payments, Current account deficits, Expenditure, External debt, Fiscal policy, Public debt
Keywords: authority, CR, Current account deficits, deficit, EU accession, EU project, EU transfer, exchange rate, financing expenditure, Global, government, government debt guarantee, ISCR, Lithuania
Pages:
54
Volume:
2005
DOI:
Issue:
123
Series:
Country Report No. 2005/123
Stock No:
1LTUEA2005002
ISBN:
9781451824117
ISSN:
1934-7685
