wiiw Forecast Reports

LITHUANIA: Still growing swiftly, but slowdown ahead

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Sebastian Leitner

in: Braced for Fallout from Global Slowdown
wiiw Forecast Report No. Autumn 2019, November 2019 , pp. 84-86

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Growth accelerated again in 2019, underpinned in particular by public and private investment. A further decline in unemployment, a minimum wage hike and a reduction of the effective income tax rate have resulted in rapid increases in the purchasing power of households. External demand has been stronger than expected in 2019 but is likely to abate in the coming two years. For 2019, we estimate real GDP growth of 3.6%, followed by a projected slowdown to 2.4% in 2020 and 2.6% in 2021.

 

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

Countries covered: Lithuania


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