International Internet Magazine. Baltic States news & analytics
Monday, 28.07.2014, 11:17
SEB raises Lithuania's economic-growth outlook for 2012
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.