Analytics, Economics, EU – Baltic States, GDP, Inflation
International Internet Magazine. Baltic States news & analytics
Wednesday, 24.04.2024, 13:54
EU Commission: Latvia to see Baltics' fastest economic growth in 2018
The Commission's forecast released today also says the Commission expects
Latvia's economic development pace to slow down to 3.2% next year.
Inflation in Latvia is projected at 3.1% this year and 2.9% in 2019.
According to the Commission's forecast, Estonia's GDP will grow 3.3% this
year and 2.8% in 2019. Inflation forecast for this year is 3.1% and 2.6% for
2019.
Lithuania's GDP is projected to increase 2.9% in 2018 and 2.6% in 2019, and
inflation - 2.9% and 2.5% respectively.
Economic growth in the European Union and the euro area is projected at 2.3%
this year and 2% next year.
Inflation forecast for the EU is 1.9% this year and 1.8% in 2019, and for
the euro area - 1.5% and 1.6% respectively.
According to the Commission's forecast, Malta will be the fastest growing
EU economy this year (5.6%, 4.5% in 2019), followed by Romania (4.5% this year
and 4% next year), and Ireland (4.4% this year and 3.1% in 2019).
Economic growth will be the slowest in Great Britain (1.4% in 2018 and 1.1%
in 2019) and Italy (1.5% in 2018 and 1.2% in 2019), the Commission believes.