Government's Economic Management Criticised By EU

April 2008
Emerging Europe Monitor: Central Europe & Baltic States;Apr2008, Vol. 15 Issue 4, p12
Country Report
The article provides an economic outlook for Lithuania in 2008. In an assessment of the Lithuanian government's convergence programme for 2007-2010, the European Commission notes that a wage-price spiral is fuelling inflation and undermining price competitiveness, but the fiscal policy has not responded to these growing economic imbalances. The Lithuanian government aims to improve the budget position from a deficit of 0.5 percent of GDP this year to a surplus of 0.8 percent in 2010.


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