Republic of Lithuania
Journal: IMF Staff Country Reports
Year: 2022

With resilient macroeconomic fundamentals, a decisive policy response, and a high immunization rate, the Lithuanian economy avoided a recession in 2020 and rebounded vigorously in 2021, outperforming the rest of the eurozone. Domestic demand was the main driver of growth-supported by low unemployment, double-digit wage growth, and a recovery of investment-which contributed to accelerating inflation by year-end. The external position remained strong, reflecting past competitiveness gains.