International Internet Magazine. Baltic States news & analytics
Wednesday, 10.02.2016, 06:38
Lithuania’s economy will grow at the slowest pace in the Baltic countries this year. However, the country should outpace Estonia in terms of gross domestic product (GDP) growth in 2016 and should then overtake Latvia in 2017, Danske Bank, the second-biggest financial group in Northern Europe by assets, projects, cites LETA/BNS.
Keyword tags: Analytics, Baltic, Economics, Export, Investments, Markets and Companies
Danske Bank estimates the growth of the Estonian economy in the outgoing 2015 year at 1.6% and predicts that growth will accelerate to 2.7% next year and 2.9% in 2017, reports LETA/BNS.
According to Nordea bank analysts, Latvia's gross domestic product (GDP) growth will be at around 3% in 2016, informs LETA.
Inflation in 2015 may not reach the previously forecast 0.8%, as representatives of Latvian Finance Ministry said during yesterday’s meeting of the Saeima Economic, Agricultural, Environmental and Regional Policy Committee, reports LETA.
The first estimate for euro area exports of goods to the rest of the world in August 2015 was EUR 148.3 billion, an increase of 6% compared with August 2014 (EUR 140.5 billion). Imports from the rest of the world stood at EUR 137.1 billion, a rise of 3% compared with August 2014 (EUR 133.1 billion). As a result, the euro area recorded a EUR 11.2 billion surplus in trade in goods with the rest of the world in August 2015, compared with a EUR 7.4 billion surplus in August 2014, writes LETA/ELTA.
The prices for sawlogs, pulpwood, wood chips, pellets and lumber in Q2 of 2015 from around the world fell, reports BC Hakan Ekstrom from the Wood Resources International LLC.
Falling stocks in China and other emerging markets will not have a major direct impact on Lithuania, whose export to India, China and the Southeast Asia amounts to less than 1% of the total export. What will pose more problems is the decreasing purchasing power in Russia and other countries of the Commonwealth of Independent States, writes LETA/ELTA.