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2015.10.27 10:03

Lithuania's economic growth expected to accelerate to 3 percent in 2016-2017

ELTA 2015.10.27 10:03

The Baltic countries and Central Europe will continue to show decent economic growth, primarily sustained by growing domestic demand. Poland and the Czech Republic will lead the way, according to Eastern European Outlook published by SEB Banka.

The Baltic countries and Central Europe will continue to show decent economic growth, primarily sustained by growing domestic demand. Poland and the Czech Republic will lead the way, according to Eastern European Outlook published by SEB Banka.

Regarding the GDP, Latvia will be the fastest-growing Baltic country, the SEB Banka experts believe. GDP will grow 2.7 percent next year and 3.5 percent in 2017.

This growth will continue due to consumption, although European Union (EU) funding will have limited impact on the increase on investment activity. Total export volume this year will rise only a bit, due to market diversification.

Estonia's growth forecast for 2015 has been moderately revised down due to weak exports, but growth will rebound - sustained primarily by a consumption boom and strong demand from Sweden. GDP will grow 2.7 percent in 2016 and 3.4 percent in 2017.

 Lithuania's pace will be leisurely this year, slowed down by loss of export markets in Russia and low prices that have hurt the country's important refined oil export. Growth will accelerate to a decent 3 percent or so annually during 2016-2017, according to SEB Banka.
 

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