Feb 12 • 16:52 UTC 🇱🇹 Lithuania Lrytas

Economist warns of an impending serious problem: 'Someone will have to pay for it'

A Lithuanian economist warns that while current economic indicators are positive, the country may face serious issues related to debt and an aging population in the future.

In a recent radio broadcast, a Lithuanian economist expressed optimism about the short-term economic outlook for Lithuania, highlighting favorable indicators and consumer confidence that places the country second in economic expectations within the European Union. This positivity is reflected in the willingness of Lithuanians to take on financial commitments and increase domestic consumption, which fosters a sense of stability in the immediate economic landscape.

However, the economist cautioned about potential long-term challenges, particularly the country's accumulating debt and the financial obligations that will arise in the future. He remarked that Lithuania cannot escape the necessity of increasing fiscal responsibilities, which could lead to more substantial economic pain down the line—concerns that might not seem pressing now but will inevitably affect future generations.

Additionally, the economist pointed out the looming problems associated with an aging population, predicting that these demographic shifts are likely to impact Lithuania's economy significantly. Though the current situation appears bright, he emphasized that “someone will have to pay for it,” underscoring the importance of addressing these issues proactively to avoid more serious repercussions later on.

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