This is not understood by our employers and their economists:
"3150 people emigrated from Lithuania in April, which is 2126 more than in the corresponding period in 2020 (1024), according to Statistics Lithuania. Commenting on this indicator, Luminor Bank economist Žygimantas Mauricas says that the shortage of workers in the country caused by such waves of emigration may become one of the main obstacles to economic recovery. According to the economist, due to the shortage of workers in Lithuania, the country may experience economic overheating. "The biggest risk is that we will enter a spiral of rising inflation and rising wage costs. There would be some such overheating of the economy, and it could happen faster than we predict. It could be already this year, especially when more of the activities open. ”
"3150 people emigrated from Lithuania in April, which is 2126 more than in the corresponding period in 2020 (1024), according to Statistics Lithuania. Commenting on this indicator, Luminor Bank economist Žygimantas Mauricas says that the shortage of workers in the country caused by such waves of emigration may become one of the main obstacles to economic recovery.
According to the economist, due to the shortage of workers in Lithuania, the country may experience economic overheating. "The biggest risk is that we will enter a spiral of rising inflation and rising wage costs. There would be some such overheating of the economy, and it could happen faster than we predict. It could be already this year, especially when more of the activities open. ”
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