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Published: 25 july 2012 13:37

EBRD pushes down 2013 Lithuania's GDP growth projection

Tomo Urbelionio/BFL nuotr. / money

The European Bank for Reconstruction and Development (EBRD) has left the forecast of Lithuania’s gross domestic product (GDP) growth this year unchanged, at 2.8 percent.

However, the guidance of the country’s economic growth in 2013 was downgraded to 2.5 percent, from 2.9 percent projected in May.

The bank’s analysts believe that Lithuania’s economic growth this year will be one of the fastest among Central European and Baltic countries. Faster growth is only predicted for Latvia (3.5 pct) and Poland (2.9 pct). Estonia’s economy should grow by 2.4 percent this year, the bank estimates.

As regards 2013, Latvia’s GDP growth projection was revised down to 2.9 percent, from 3.3 percent estimated in May, and Estonia’s – to 2.8 percent, from 3.4 percent.

The GDP of Central European and Baltic countries should grow by 1.7 percent this year and by further 1.9 percent next year, the EBRD said in its latest guidance.

The average annual inflation in Lithuania should reach 3.4 percent this year, in Latvia – 2.8 percent, and in Estonia – 3 percent, the bank projects.

Naujienų agentūros BNS informaciją atgaminti visuomenės informavimo priemonėse bei interneto tinklalapiuose be raštiško UAB „BNS“ sutikimo draudžiama.

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