Lithuania’s economy is not skidding and it shows enviable resilience to unfavorable external factors,” the bank said in its latest macroeconomic review issued on Thursday.
“Today is the time of election moods. If it’s not our election, it’s elections in other countries,” Gitanas Nausėda, adviser to SEB Bankas’ president, said at the presentation of the review.
According to him, Russia is becoming more “spacious” for Lithuania’s goods and services, but the moods in other countries are controversial.
“Although the United States still looks rather favorable, negative news are coming from there, too,” Nausėda said.
The bank expects the average annual inflation in Lithuania to go down to 2.5 percent this year, from 4.1 percent in 2011, before growing to 3 percent in 2013 and 2014.
The public deficit will reach 3 percent of GDP this year and 3.5 percent of GDP in both 2013 and 2014, the bank projects.
2012-06-21 18:21
SEB ups Lithuania’s 2012-2013 GDP growth projections
SEB Bankas, Lithuania‘s largest commercial bank, has revised its forecast of the country’s gross domestic product (GDP) growth this year, upping it by 0.5 percentage points to 3.5 percent, and hiked the 2013 growth projection by the same margin to 4 percent.
SEB / Irmanto Gelūno / BNS nuotr.
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