International Internet Magazine. Baltic States news & analytics
Tuesday, 28.04.2015, 18:55
Data of Lithuania's Ministry of Finance shows that the country's general government deficit in 2014 accounted for 0.7% of GDP and was by 1.9 percentage point smaller than in 2013, informs LETA/ELTA.
Keyword tags: Analytics, Budget, EU – Baltic States, Financial Services, GDP, Lithuania
According to provisional data, in 2014, the general government deficit totalled EUR 242.0 million, or 0.7% of gross domestic product (GDP) in Lithuania. Over the year, the general government deficit decreased by EUR 674.9 million (in 2013, this indicator stood at 2.6% of GDP).
Growth in emerging and developing Europe is expected to rise slightly in 2015 thanks to lower oil prices but subdued external demand is putting the brakes on a stronger expansion, the International Monetary Fund said on April 14th 2015, cites AFP/LETA.
The Ministry of Transport and Communications estimates that in 2014 transport sector accounted for 13.1% of Lithuania's gross domestic product (GDP), informs LETA/ELTA.
On 14 April 2015, the International Monetary Fund (IMF) published its World Economic Outlook in which Lithuania has been classified as an advanced economy. Previously the IMF regarded Lithuania as an emerging market, reports LETA/ELTA.
The Estonian Ministry of Finance forecasts that Estonia's gross domestic product will grow by 2% in 2015; in autumn, the ministry was expecting a 2.5% GDP growth, LETA/Public Broadcasting reports.
The European Forecasting Network (EFN) is a research group of European institutions, founded under the auspices of the European Commission, and currently partly financially supported by the European University Institute (EUI, based in Florence, Italy), which is coordinating the report under the responsibility of Prof. Massimiliano Marcellino.