Republic of Lithuania: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Lithuania
IMF Staff Country Reports, May 18, 2016
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- Canonical URL
- Republic of Lithuania: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Lithuania
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Bibliographic details
- Published: May 18, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484355770.002
Overview and recent developments
- Good policies and favorable business conditions have helped put Lithuania back on the convergence path with western European living standards.
- Last year, growth took a temporary hit from difficult external environment.
- External factors caused the price level to fall in 2015, but deflation is unlikely to take root.
- The external current account moved into moderate deficit in 2015 due to weak export markets and strong domestic demand.
Key challenges and policy priorities
- Raise productivity growth through structural reforms.
- Secure continued competitiveness as the labor market tightens.
- Reduce income inequality through fiscal measures while maintaining a prudent policy stance.
Subjects and keywords (as provided)
- Subject: Income, Income inequality, Labor, Minimum wages, National accounts, Wages
- Keywords: Baltics, CR, demand growth, Global, growth from export partner, Income, Income inequality, innovation policy, ISCR, labor market mismatch, labour market, loan portfolio, Minimum wages, price, productivity enhancement, redistribution policy, wage growth, Wages, Western Europe