OECD Economic Outlook, Volume 2021 Issue 2
The global recovery from the COVID-19 pandemic is uneven and becoming imbalanced. The OECD Economic Outlook, Volume 2021 Issue 2, highlights the continued benefits of vaccinations and strong policy support for the global economy, but also points to the risks and policy challenges arising from supply constraints and rising inflation pressures.
This issue includes a general assessment of the macroeconomic situation, and a chapter summarising developments and providing projections for each individual country. Coverage is provided for all OECD members as well as for selected partner economies.
Also available in: French
Lithuania
The Lithuanian economy has rebounded rapidly from the pandemic shock, with GDP growth projected at over 5% in 2021 and close to 3.7% on average in 2022 and 2023. Rapid wage increases, pent-up demand and continued EU-fund flows will remain the main drivers of domestic activity. Unemployment will fall gradually to pre-crisis levels. However, the resurgence of the pandemic casts a shadow on the outlook. Higher oil prices will have an impact on inflation, adding to underlying price pressures.
Also available in: French
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