May 2005
Emerging Europe Monitor: Central Europe & Baltic States;May2005, Vol. 12 Issue 5, p12
Country Report
Country Report
This article offers financial updates from Lithuania as of May 2005. The country's account deficit increased to 7.1 percent in 2004. The surplus on the services balance increased, while the income deficit turned out to be smaller than expected. Business Monitor International expected the current account deficit to increase to 7.9 percent in 2005. Export performance will be affected by a decline in electricity exports and the cancellation of the World Trade Organization's textile quota regime. Imports are expected to improve due to strong domestic demand.


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