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Published: 27 may 2021 00:12

Ramūnas Vilpišauskas. Key risks to Lithuania’s post-pandemic recovery

Ramūnas Vilpišauskas
Žygimanto Gedvilos / 15min nuotr. / Ramūnas Vilpišauskas
With the Lithuanian economy recovering after the 2008-2009 crisis, discussions arose over how to avoid the middle-income trap when, with wage growth outpacing productivity, the risk arises for the economy to lose its competitive edge. Lithuania’s handling of the COVID-19 pandemic crisis shows that more pertinent might be the risk to get stuck in the middle public sector capacity trap.

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