OECD Economic Outlook, Volume 2022 Issue 2
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The global economy is facing mounting challenges amidst the largest energy market shock since the 1970s and the cost-of-living crisis for many households from rising inflation pressures. The OECD Economic Outlook, Volume 2022 Issue 2 highlights the unusually imbalanced and fragile outlook, the significant downside risks associated with energy market developments and rising financial vulnerabilities as interest rates are raised, and the associated policy challenges. Well-designed and timely policy actions are required to maintain economic stability, enhance energy security and strengthen the prospects for future growth.
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
Growth is projected to slow to 2.5% in 2022 and 1.6% in 2023, before recovering to 2.0% in 2024. Lower growth in 2023 reflects higher inflation, negative confidence effects of Russia’s war of aggression against Ukraine and weaker external demand. Private consumption is negatively affected by higher unemployment and a contraction of real wages. Investment is underpinned by EU funds and the government’s multi-annual investment programme.
Also available in: French
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