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Republic of Lithuania: Staff Report,Information Annex, Public Information Notice, Statement by the Executive Director

Business & economics


by
International Monetary Fund

Book Details

Format: EPUB

Page count: 57 pages

File size: 4.8 MB

Protection: DRM

Language: English

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.

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… (more)

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.

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