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Wednesday, 15 April 2015 06:43

IMF assigns Lithuania to the group of advanced economies Featured

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In the latest World Economic Outlook, the International Monetary Fund (IMF) for the first time included Lithuania in the group of advanced economies. Until now the IMF had qualified our country as an emerging market economy.

In a statement accompanying the news, Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania, said the following:

“The recognition by one of the world’s most influential financial organisations is not only the assessment of the progress made by the country, but the obligation to seek sustainable economic development keeping financial discipline, thereby consistently approximating the domestic financial system, as well the entire economy to the level of the most advanced states in the world”.

According to the IMF’s projections, Lithuania’s real GDP growth this year will be 2.8 per cent, in 2016 — 3.2 per cent; average annual inflation will be –0.3 per cent in 2015 and 2.0 per cent in 2016.

 

 

Source: World Economic Outlook

 

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