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SEB raises Lithuania's economic-growth outlook for 2012
Danuta Pavilenene, BC, Vilnius, 21.06.2012.
Print version
Print versionSEB Bank AB, Lithuania's largest bank by assets, raised its economic-growth outlook for the country for a second time, citing better-than-expected first- quarter results and resilience to Europe's debt crisis.
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The economy will probably expand 3.5% this year, compared with a May estimate of 3%, the bank said in an e-mailed report today. Growth may slow to 3% in 2013, it said.
Lithuania's economy expanded 3.9% from a year earlier in the first quarter, the European Union's second- fastest pace after neighboring Latvia, writes LETA/ELTA.
The Baltic nation's output advanced as domestic demand strengthened and the country's main export markets of Russia, Germany, Latvia and Estonia, posted quicker economic growth than economists predicted.
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