International Internet Magazine. Baltic States news & analytics
Monday, 01.09.2014, 23:59
China's economy is facing multiple domestic and international challenges despite its steady performance in the past seven months of 2014, said a senior economic official in Beijing on Wednesday.
Keyword tags: Analytics, China, Economics, Export, Financial Services, Markets and Companies
Statistics Lithuania informs that, based on more comprehensive business, tax and price statistics, in II quarter 2014, GDP at current prices amounted to LTL 31 315 million (EUR 9 069.5 million). Compared to the same period in 2013, real GDP growth, seasonally and working day adjusted, stood at 3.1%, compared to I quarter 2014 – 0.8% (compared to the same period in 2013, seasonally and working day unadjusted, GDP increased by 3.3%, compared to I quarter 2014, increased by 8.4%).
Ministry of Finance compiled a new economic growth outlook for Estonia, according to which in 2014 the growth would reach 0.5% and in 2015 2.5%, writes LETA/Delfi.ee.
The still-to-be-published autumn economic outlook compiled by Estonian Ministry of Finance predicts that 2014 year’s economic growth will be 0.5% and next year 2.5%, writes LETA/National Broadcasting.
Latvia must avoid unbalanced state budget, therefore Latvian politicians should not be overly enthusiastic with ideas about tax reductions, the head of the European Commission Representation in Latvia, Inna Steinbuka said in an interview with LNT television this morning, cites LETA.
The E-Estonia Council convened on Tuesday, discussing issues related to the so-called real-time economy, writes LETA/National Broadcasting.
SEB banka has also reduced its economic growth forecast for Latvia. According to SEB banka, Latvia's gross domestic product will increase 2.5% this year, 2.7% in 2015 and 3.4% in 2016, as the bank informs in its latest Macroeconomic Review, cites LETA.