International Internet Magazine. Baltic States news & analytics
Thursday, 18.12.2014, 19:19
Economic growth of 2.9% of GDP in Lithuania should be the highest among the Baltic States in 2014. However, in 2015 it is likely to decrease to 2.7%, while Estonia's will be 2.3% and Latvia's 2.9%, forecasts Danske Bank, cites LETA/ELTA.
Keyword tags: Analytics, Baltic States – CIS, Economics, GDP, Markets and Companies
Latvian Saeima passed the 2015 budget bill in the final reading last night; the consolidated budget revenue next year is set at EUR 7.3 billion and spending at EUR 7.5 billion, reports LETA.
According to the flash estimates of Statistics Estonia, Harju county accounted for 61.3% of the gross domestic product (GDP) of Estonia in 2013.
Central bank: increased consumption and investment encourage consistent growth of Lithuania's economy15.12.2014
Increased consumption and investment encourage consistent growth of Lithuania's economy; however, a poorer outlook for the country's major foreign trade partners, as well as gradually slowing development of domestic demand led to more cautious GDP growth projections for the year 2015, reports LETA/ELTA.
According to Ernst & Young's (EY) annual ''Eurozone Economic Growth Forecast'', Lithuania will surpass Latvia in 2015 as the fastest growing eurozone economy, even though Latvia's economic growth is expected to grow faster than this year.
Economic growth is picking up slowly in Estonia, Estonia's central bank Eesti Pank said in its autumn economic report, cites LETA.
The Bank of Lithuania on Thursday reduced the GDP growth forecast by 0.2 percentage point for the year 2015, however, since inflation is likely to remain low, the real income of residents and purchasing power will continue to grow, reports LETA/ELTA.