Greta Ilekytė. Demographic Catastrophe

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Over the past three decades, Lithuania’s population has shrunk by a fifth – from 3.6 million to almost 2.9 million – economic growth has slowed, investment has shrunk, and fewer businesses are being set up because their development is hampered by a shortage of workers. As a result, the country’s competitiveness is deteriorating, and wage growth has stalled. This situation would be catastrophic if it met one essential element – it would be true.