Lithuania: Recent Economic Developments

International Monetary Fund

No 1996/072, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in Lithuania during 1993–96. Economic growth resumed in 1994 and gained further momentum in 1995; real GDP increased by an estimated 3 percent in 1995. Growth in 1995 was driven by the industrial sector, while agriculture performed poorly. The immediate effects of the banking problems on economic activity, and on other macroeconomic developments, have been limited. Data on industrial production and retail trade indicate continued growth in the first part of 1996.

Keywords: ISCR; CR; government; Lithuanian authorities; national income; nominal exchange rate; anti-inflation policy; disinflation effort; government operation; government institution; price level; government ownership; government program; Currency boards; Inflation; Tariffs; Exchange rates; Real exchange rates; Baltics (search for similar items in EconPapers)
Pages: 97
Date: 1996-08-26
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