Analytics, Economics, EU – Baltic States, GDP, Investments, Lithuania

International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 14:38

Ernst & Young: Lithuania's economy growth to reach 5.5% in 2015

BC, Vilnius, 28.03.2014.Print version
After the rapid 2013 development reaching 3.2%, the growth of Lithuania's gross domestic product (GDP) should continue gaining momentum and should exceed 4%, writes LETA/ELTA, referring to Ernst & Young.

According to the analysts of the Ernst & Young (EY), in 2015, when Lithuania should become the 19th member of the eurozone, the country's economy will experience 5.5% growth.

 

Such economic development will be affected by a variety of factors – from a sustainable maintenance of the financial system to the strengthening of the energy sector. By 2012 the export was the main engine of Lithuania's economy growth which allowed Lithuania coping with the 2009-2011 crisis.

 

After a long break, the eurozone's economy is growing again; however, it is still unlikely that it will be able to catch up other major world economies. According to the newest forecast of the EU analysts, the eurozone will be able to exceed the pre-crisis level by 5% only in 2018.






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