Swedbank cuts Lithuania growth forecast, foresees higher inflation

Swedbank cuts Lithuania growth forecast, foresees higher inflation

Swedbank has lowered its forecast for Lithuania’s economic growth this year, saying the country’s gross domestic product is now expected to expand by 3%.

SEB does not change this year's GDP growth forecast, but has information on inflation

SEB Bank is not changing its forecast for Lithuania's gross domestic product (GDP) growth this year, as in January, it is expected to be 3.2%, while the inflation forecast is increased to 5.7% due to increased energy prices, according to the latest macroeconomic review Nordic Outlook.