Republic of Lithuania : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Lithuania

Thanks to sound macroeconomic management and an overall favorable business climate, income convergence with Western Europe is advancing. In 2015, sharply contracting exports to Russia temporarily dragged down growth. Ensuring good economic progress over the medium term requires continued productivity improvements, safeguarding competitiveness in a tightening labor market, and beginning to address high income inequality.