{
  "title": "Republic of Lithuania: 2018 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for the Republic of Lithuania",
  "publication": "IMF Staff Country Reports, June 25, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/06/25/republic-of-lithuania-2018-article-iv-consultation-press-release-staff-report-and-statement-46017",
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  "summary": "This 2018 Article IV Consultation highlights that the economy of Lithuania picked up steam in 2017, following two years of sluggish growth. Real GDP expanded by 3.9 percent largely because of the acceleration of investment, which benefited from credit growth and high capacity utilization.",
  "sections": [
    {
      "heading": "Economic performance in 2017",
      "content": "- Real GDP expanded by 3.9 percent.\n- Expansion was largely because of the acceleration of investment, which benefited from credit growth and high capacity utilization.\n- Private consumption remained the main engine of growth but was held back by decelerating real wages.\n- The external current account swung to a modest surplus with exports benefiting from past investments in export capacity and improved external demand."
    },
    {
      "heading": "Growth outlook for 2018",
      "content": "- Growth in 2018 is projected at 3.2 percent.\n- Projection drivers: mainly weaker exports after a very strong performance in 2017 and a slowdown of consumption driven by negative employment growth."
    },
    {
      "heading": "Key themes and sectors highlighted",
      "content": "- Investment: acceleration in 2017 supported overall GDP growth.\n- Consumption: continued to be the primary growth engine, constrained by decelerating real wages and projected employment-related slowdown in 2018.\n- External sector: shift to a modest current account surplus in 2017 due to stronger exports tied to past export-capacity investments and improved external demand.\n- Credit and capacity utilization: credit growth and high capacity utilization were important contributors to the investment-led pickup in 2017.\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: June 25, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484363157.002",
    "Real GDP expanded by 3.9 percent.",
    "Expansion was largely because of the acceleration of investment, which benefited from credit growth and high capacity utilization.",
    "Private consumption remained the main engine of growth but was held back by decelerating real wages.",
    "The external current account swung to a modest surplus with exports benefiting from past investments in export capacity and improved external demand.",
    "Growth in 2018 is projected at 3.2 percent.",
    "Projection drivers: mainly weaker exports after a very strong performance in 2017 and a slowdown of consumption driven by negative employment growth.",
    "Investment: acceleration in 2017 supported overall GDP growth.",
    "Consumption: continued to be the primary growth engine, constrained by decelerating real wages and projected employment-related slowdown in 2018.",
    "External sector: shift to a modest current account surplus in 2017 due to stronger exports tied to past export-capacity investments and improved external demand.",
    "Credit and capacity utilization: credit growth and high capacity utilization were important contributors to the investment-led pickup in 2017.",
    "**Country Report**"
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