News (10 page)

Taking into consideration the increase in the number of signs showing less favourable development prospects, the Bank of Lithuania revises its gross domestic product (GDP) growth prospects for this year downwards. It is projected that, after...

The Bank of Lithuania has left the current year domestic economic growth forecast unchanged at 6.2 per cent, and expects the gross domestic product (GDP) to grow only by 3.5 per cent next year (in August the figure was 4.8 per cent).

Real private consumption, which declined by more than a fifth during the downturn, is starting to recover. Larger household consumption expenditure contributed to the GDP growth already at the end of last year, whereas available information shows...