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Thursday, 25.04.2024, 00:59
No change in Bank of Lithuania's growth forecasts for 2018
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The Bank of Lithuania published the same forecasts in the middle of March.
"Following the pickup in growth in 2017 when it grew 4%, we are not changing our forecasts and continue to believe that our economy's fast growth will continue. Slightly slower growth is linked to slower exports dynamics and slower growth in internal consumption," Gediminas Simkus, director of the central banks' Economics and Financial Stability Service, told a press conference on Monday.
The Bank of Lithuania estimates that the country's exports will grow 5.7% this year and 4.6% next year. Private consumption growth will stand at 3.8 and 3.5% respectively.
Average annual inflation should stand at 2.7% this year and slow to 2.2% in 2019.
Unemployment should drop from 7.1% last year to 6.7% this year and stand at 6.6% next year.
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