Q: What is the outlook for the Lithuanian economy?
A: The outlook for the economy is quite good. In 2019 we had growth of more than 3.9%, but our expectations for 2020 are milder, at 2.5% growth [as of December 2019]*. In the medium term, we expect between 2% and 3% growth. Last year was the first year since independence that our [net migration rate] was positive. If this trend continues, then we can expect a better situation in the labour market in the medium term. [*As of March 2020, GDP is now expected to fall by 11.4% in 2020, due to the coronavirus outbreak and quarantine.]
