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Friday, 19.04.2024, 21:53
SEB sticks to Lithuania's GDP growth forecasts
BC, Vilnius, 04.10.2017.
Print version
Print versionSEB Lithuania, one of the country's largest commercial banks, is sticking to its Lithuanian GDP growth forecast of 3.7% for 2017, informs LETA/BNS.
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The bank expects the economy to expand by 3.2% next year and by another 3% in 2019, unchanged from the SEB Group's previous projections released in late August.
According to Gitanas Nauseda, advisor to SEB Lithuania's president, exports are growing faster, but imports are slowing down, signaling a decline in domestic consumption.
"Rising prices have brought retail sales growth to a stop. It is possible that household consumption will not be able to contribute to our economic growth to the extent it did before," he said while presenting the bank's forecasts on Tuesday.
SEB analysts also kept their Lithuanian average annual inflation forecasts unchanged at 3.3% for 2017, 2.8% for 2018 and 2.5% for 2019.
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