Lithuania: Europe's newest 'tiger' might see growth stunted by EU

  • 2003-08-21
  • Mark Baker
RFE/RL PRAGUE - Move over, Ireland. The European Union will soon have a new economic "tiger" – Lithuania. When the Baltic country joins the EU next year, it's likely to be the bloc's fastest-growing economy. Debt levels are low, inflation is nonexistent and growth is expected to reach an annual rate of 7 percent this year – at a time when Europe's biggest national economy, Germany, is on the verge of recession.It's a remarkable performance, one that prompted The Economist magazine last month to dub Lithuania the "Baltic Tiger."In fact, the new arrival threatens to outshine Europe's other ec...
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