International Internet Magazine. Baltic States news & analytics
Tuesday, 06.12.2016, 08:17
n the third quarter of 2016 the current account had a surplus of 93.4 mil. euro (1.5% of gross domestic product (GDP)).
Data compiled by the Central Statistical Bureau show that in the 3rd quarter of 2016, as compared to the 2nd quarter, gross domestic product (GDP) at constant prices increased by 0.2%, according to seasonally and calendar adjusted data.
Saeima today passed Latvia's 2017 budget in the final reading, projecting budget revenues at more than EUR 8 bln and expenditures at EUR 8.4 bln next year, reports LETA.
The annual growth of Lithuania's gross domestic product (GDP) in the third quarter of 2016 was slower than the average in the European Union (EU), according to EU's statistics agency Eurostat writes LETA/BNS.
The economy is not doing as badly as it might seem from GDP alone, and additional stimulation might cause harm rather than good. Various sources indicate that economic activity increased in the third quarter. Further economic growth may be limited by the low rate of corporate investment
In its autumn 2016 economic forecast, the European Commission estimates the Estonian economy to grow just 1.1% this year, compared with a growth rate 1.9% forecast in a similar outlook in spring.
The European Commission projects the Latvian economy to grow by 1.9% this year, Valdis Dombrovskis, the European Commission’s Vice President for the Euro and Social Dialogue, told LETA.