wiiw Current Analyses and Forecasts
Lithuania: Economy continues to recover
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in: Double-dip Recession over, yet no Boom in Sight
wiiw Current Analyses and Forecasts No. 11, March 2013 , pp. 79-82
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The new Lithuanian centre-left coalition government headed by the Social Democrats raised mini-
mum wages considerably which will bolster growth of household consumption. Public investment in
the transport infrastructure will further trigger domestic demand, while lively Russian demand keeps
the current account deficit low. Focusing on demand-side growth policies and a reduction of in-work
poverty the Lithuanian government refrains from aiming at euro area accession as early as possible.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Lithuania