International Internet Magazine. Baltic States news & analytics
Tuesday, 21.10.2014, 16:33
SEB banka projects that Lithuania will have the fastest growth in the Baltics in 2015, informs LETA/Nozare.lv.
Keyword tags: Analytics, Baltic States – CIS, Economics, EU – Baltic States, GDP
The budget deficit in 2015 is projected at 1% of gross domestic product (GDP), while national debt at 34.6% of GDP in Latvia, informs LETA.
Statistics Lithuania has revised labour productivity in the national economy in 2013. Based on the latest data, the value added per hour actually worked in the whole economy amounted to, on average, LTL 45.94 (EUR 13.31) at current prices, which is by LTL 2 (EUR 0.58) more than in 2012, reports LETA/ELTA.
Currently, the shadow economy in Latvia is at approximately 24.7% of gross domestic product (GDP), according to calculations by Dr. Friedrich Schneider from the Johannes Kepler University of Linz, reports LETA.
Economic recovery is expected to remain uneven in eastern Europe in 2014 and 2015, with risks mainly coming from the eurozone, the International Monetary Fund said Tuesday, reports LETA/AFP.
According to the International Monetary Fund (IMF), the adoption of the euro as of 2015 is proof of the success of Lithuania's economy, it will positively affect the economy and will consolidate even more Lithuania's place in Europe. In the newest evaluation report attention was also paid to the fact that due to effective supervision the country's financial sector strengthened, reported LETA/ELTA, referring to the Bank of Lithuania.
Fitch Ratings has affirmed Lithuania's Long-term foreign and local currency Issuer Default Ratings (IDR) at A-. The outlooks are stable, the rating agency said in a statement, Reuters quotes Fitch.