wiiw Forecast Reports

LITHUANIA: After the storm, the prospects are bright

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Sebastian Leitner

in: Recovery Beating Expectations
wiiw Forecast Report No. Autumn 2021, October 2021 , pp. 77-80

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The Lithuanian economy recovered strongly in Q2 2021. Better-than-expected export performance and swiftly rebounding household consumption were coupled with an upswing in capital investment and a substantial accumulation of stocks. Sharply rising infection statistics may force the government to reintroduce stricter containment measures, but we do not expect that to choke off the ongoing revival. The government is continuing to deliver substantial fiscal stimuli, and the public investments announced will support recovery over the next two years. For 2021, we expect real GDP to grow by 4.4%, followed by a strong, steady increase of 3.7% in 2022 and 3.5% in 2023.

 

Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Lithuania


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