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2019 OECD Economic Outlook, Volume 2019 Issue 1

image of OECD Economic Outlook, Volume 2019 Issue 1

The OECD Economic Outlook is the OECD's twice-yearly analysis of the major economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances.

Coverage is provided for all OECD member countries as well as for selected non-member countries. This issue includes a general assessment, a special chapter on the effects of digitalisation on productivity and a chapter summarising developments and providing projections for each individual country.

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Lithuania

GDP growth is projected to slow gradually as investment eases towards more sustainable levels and the external sector remains weak. Labour supply constraints also limit growth. Tight labour market conditions and robust domestic demand will continue to put pressures on underlying inflation. Wage increases above productivity growth will sustain consumption and reduce income inequalities, but might negatively affect competitiveness.

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