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The strong post-pandemic recovery led to demand driven inflationary pressures. Supply side bottlenecks and large increases in commodity prices after Russia's invasion of Ukraine compounded these pressures and resulted in high and persistent inflation. The negative impact on disposable income,...
Persistent link: https://www.econbiz.de/10015059109
This Selected Issues paper on the Republic of Lithuania takes stock of policies and reforms countries are implementing …
Persistent link: https://www.econbiz.de/10015060213
This 2022 Article IV Consultation with the Republic of Lithuania highlights the recent spike in global energy and food …
Persistent link: https://www.econbiz.de/10015060214
KEY ISSUES Context and Outlook. The economy has entered a broadly favorable trajectory of healthy and balanced growth … structural issues in this report draws on the companion Baltic Cluster Report. Euro Adoption. Lithuania is well placed to adopt … stability. It will be a welcome boon to the economy, enhancing financial stability and bringing integration gains. But upgrading …
Persistent link: https://www.econbiz.de/10014411232
This Selected Issues paper focuses on sustainability of public finances and low inflation in Lithuania. Lithuania aims … to adopt the euro in 2015. Over the medium term, inflation in Lithuania will likely run somewhat higher than in the euro … favorable, and Lithuania has demonstrated the ability to deliver adjustment when needed without recourse to exchange rate …
Persistent link: https://www.econbiz.de/10014411233
Persistent link: https://www.econbiz.de/10015080179
Lithuania has experienced fast income convergence over the past two decades and the economy is projected to return to …’s invasion of Ukraine have had an impact on competitiveness, even though Lithuania entered this crisis with an undervalued real … growth. Thus, Lithuania needs prudent policies and decisive structural reforms to support sustained productivity growth and …
Persistent link: https://www.econbiz.de/10015080180
The May 2011 Regional Economic Outlook: Europe anticipates that recovery in the region will solidify, with recoveries in advanced and emerging Europe likely to be mutually reinforcing. Advanced Europe continues to absorb most of emerging Europe's exports, while the role of emerging Europe as a...
Persistent link: https://www.econbiz.de/10014401402
KEY ISSUES Context. Macroeconomic and financial stability has been maintained despite the difficult environment globally—especially in neighboring Greece—and recent domestic discord, but growth remains tepid and unemployment high. Ambitious (and politically challenging) reforms are needed to...
Persistent link: https://www.econbiz.de/10014394276
KEY ISSUES Context. The economy is growing at a moderate pace. Abstracting from the impact of new large-scale natural … (Haredi) populations in the labor force to bolster the economy’s long-term potential and to reduce poverty and inequality …
Persistent link: https://www.econbiz.de/10014394292