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International Internet Magazine. Baltic States news & analytics Wednesday, 23.05.2018, 23:40

Lithuania presidential adviser: modest economic growth expected in 2012

Danuta Pavilenene, BC, Vilnius, 03.01.2012.Print version
Lithuania is forecasted to see a modest growth of economy in 2012, says President Dalia Grybauskaite's adviser on economic and social policy issues Nerijus Udrenas.

Udrenas said that economy experts agree that Lithuanian economy is to grow while many other European countries are on the verge of recession, reports LETA/ELTA.


"Now, that Lithuania reshaped its economy and economic structures, it has become rather competitive and we can look at the future with some moderate optimism. The economy will grow, yet it will not be a very large growth," Udrenas said.


The modest growth will also be influenced by the situation in the country's key exports markets – Germany and Scandinavian countries where the economic situation seems rather promising and domestic consumption is stable. The economists had forecasted that due to the troubled euro zone Lithuania's economic growth in 2012 should reach 2-3%. Given such rates, the country should come back to the economy level of 2008 in some 6 years.

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