Economics Department

Germany is achieving good labour market outcomes and the recently introduced minimum wage has improved the situation of low wage earners. Main challenges are subdued investment, population ageing as well as the employability of refugees.

Growth has been robust in Poland, but reforms are needed to sustain improvements in living standards. Developing skills and infrastructure, strengthening the labour market, public finance and green taxes, would raise growth and well-being.

Accession to the euro area confirms Lithuania’s commitment to sound and sustainable economic policies. The economy is expected to recover despite weak Russian demand.