Economic growth

Economic recovery in the euro area and the European Union as a whole is now in its third year. It should continue at a modest pace next year despite more challenging conditions in the global economy, the European Commission said.

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.

Professional services firm Ernst & Young (EY) has published its latest economic forecast for the euro area. It is projected that Lithuania's GDP growth will stand at 2.1 percent in 2015 and 3.6 percent in 2016. Meanwhile, GDP growth in the euro area will stand at 1.6 and 1.8 percent respectively.

According to analysts of DNB bank, this year Lithuania's economy felt the painful consequences of subsiding exports, although faster economic growth may be expected in 2016.

DNB Bank's chief economist for the Baltic states Jekaterina Rojaka says that shock therapy will be for the better of Lithuania's economy.

On 28 May, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Lithuania. It considered and endorsed the staff appraisal without a meeting, the organisation reports.

The European Commission (EC) announced in its Spring 2015 Economic Forecast that Lithuania's gross domestic product (GDP) is expected to grow by 2.8 percent, whereas domestic consumption should be the major factor determining economic growth.

The Bank of Lithuania forecasts that the domestic demand-driven Lithuanian economy will continue growing, albeit at a slower pace than previously expected. The worse outlook for the Russian economy, determined by persisting geopolitical tensions and falling oil prices, will have an essential influen...

"We are pleased that the revised GDP for 2014 compared to 2013 increased by 3 percent rather than by 2.9 percent as it was announced in the preliminary estimates. The higher growth was driven by the growth of the construction industry, also, the Government's decisions regarding housing renovation un...

According to the calculations carried out by Danske Bank, falling import in Russia will cost Lithuanian economy EUR 0.5 billion in nominal value in 2015, i.e. more than projected earlier. Therefore, Danske Bank has reduced Lithuania's GDP growth estimate from 2.7 to 2.5 percent. In 2016 GDP growth s...

Lithuania's economy is expected to maintain growth of 3.0 percent in 2015, despite a fall in exports to Russia. Domestic demand is set to remain the main growth engine, as employment and real disposable incomes rise. Inflation stays low and public finances improve slightly, the European Commission s...

Professional services firm EY (Ernst&Young) forecasts that Lithuania's GDP will grow 3.6 percent in 2015. The adoption of the euro, reduced financial risks and cheaper borrowing will allow the Lithuanian economy to grow three times faster than the euro area average, whereas in two years economic gro...

Growing consumption and investment encourage consistent growth of Lithuania's economy; however, a poorer outlook for the country's major foreign trade partners, as well as gradually slowing development of domestic demand led to more cautious GDP growth projections for next year. The Bank of Lithuani...

Average monthly pre-tax earnings in the third quarter of this year grew in companies, institutions and organisations in all counties of Lithuania, Statistics Lithuania reports.

Next year Lithuania's economy should grow 2.7 percent, a lower indicator than projected by the Finance Ministry but more than the majority of other European countries, says the Economist Intelligence Unit of the British business daily, The Economist.

Despite Russia's embargo and the complicated situation in top export markets, Lithuanian economic growth in 2014 will be among the fastest in the EU member states.

According to the latest EU economic growth report of the European Commission, Lithuania will see the fastest growth in the Baltics in 2014 and 2015.

Despite criticism of the Finance Ministry's optimistic Lithuanian GDP growth forecasts for next year, Finance Minister Rimantas Šadžius says that the country's economic growth will be faster than in the euro zone but "not explosive" and warns that difficulties caused by the crisis in the EU-Russia r...

According to the flash estimates, the GDP turned to the real growth of 2.2% in annual comparison in the 2Q. In quarterly comparison the GDP increased by 0.5% (seasonally and working-day adjusted).

Considering the development of the economic environment and political situation, Coface International Credit Risk Insurance Company has changed the outlook for several countries. The outlook has been upgraded for countries of Western Europe and so-called new development markets. Latvia’s outlook has...