Lithuania’s gross domestic product (GDP) has been declining for two consecutive quarters. When this happens, the country is considered to be in a recession or economic contraction. So far, relatively few people are experiencing this […]
After evaluating world and the country’s economic trends, the bank of Lithuania is lowering this year’s economic growth forecast from 3.4% to 3.2%. Next year’s insights are not changing, it is expected that in 2019, the economy will grow by 2.8%. Wages will continue growing faster than inflation, unemployment will consistently decline. […]
As Lithuania’s population declines, the country may have to increase its retirement age in the future to solve the problems of the pension system, a central bank official said on Friday. […]
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