Lithuania: GDP growth to reach 2.4% in 2024, 2.6% in 2025: IMF

Lithuania’s GDP growth will amount to 2.4% in 2024 and 2.6% in 2025, according to the International Monetary Fund’s (IMF) latest forecast, BNS reports. The country’s economic growth will be driven by the growth of real wages, public investments, and low inflation, the IMF report states. Average annual inflation will reach 1.2% in 2024, the IMF projects. The general government deficit may be lower than planned in the state budget, the report says. Finance Minister Gintare Skaiste noted that Lithuania’s economic recovery was gaining momentum and that people’s purchasing power was rising. She expects economic growth to strengthen further in coming years.