“Russia’s war against Ukraine and resulting uncertainty continue to affect the economies of Lithuania and of the European Union as a whole. Despite challenges, the national economy demonstrates resilience – Lithuania should remain on the path of growth. Stabilisation of the situation in international energy markets will lead to lower inflation than we had previously predicted in 2023 – price increases are expected to return to a single-digit area. Average wage growth is expected to remain strong this year, to be above the average annual inflation, which is good news for purchasing power of the population,” stated Minister of Finance Gintarė Skaistė.

It is forbidden to copy the text of this publication without a written permission from ELTA.
Elta EN
Comment Show discussion
Related articles
Top articles