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Friday, 19.04.2024, 05:21
SEB bank reduces Lithuania's GDP growth forecast
Karolis Broga, BC, Vilnius, 30.09.2015.
Print version
Print versionAnalysts from SEB bank have reduced Lithuania's gross domestic product (GDP) growth forecast from 2.6 to 1.8 %, writes LETA/ELTA.
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GDP growth in 2016 was also revised in the latest macroeconomic review by SEB bank, it was reduced from 3.5 to 2.8 %. The average inflation in 2015 was revised from minus 0.4 to minus 0.7 %, while 0.3 % inflation is still expected in 2016. In addition, in 2017 prices are expected to increase by 1.2 % on average.
According to SEB bank analysts, in the first half of 2015 Lithuania's GDP growth rate was slower than Latvia's and Estonia's. It was mostly influenced by greater export dependence on the Russian market, in which purchasing power is falling. SEB bank noted that in the first and second quarter of 2015 Lithuania's economy was driven by domestic consumption.
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