wiiw Forecast Reports
LITHUANIA: Still strong outward migration despite high wage growth
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in: Cautious Upturn in CESEE: Haunted by the Spectre of Uncertainty
wiiw Forecast Report No. Spring 2017, March 2017 , pp. 89-92
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LITHUANIA
Throughout 2017, economic growth in Lithuania will be driven by resurgence in external demand, particularly from the CIS and for oil products. Moreover, an upswing in public investment will be underpinned by fresh funds from the EU this year. The ongoing stable growth in terms of employment and rapid wage rises will result in robust increases in consumer demand. For 2017, we forecast a moderate upswing in the GDP growth rate to 2.7%, followed by 2.8% in 2018 and 3.1% in 2019.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Lithuania