Lithuania Suffers From Crisis in Eurozone

BusinessEconomy ♦ Published: August 22, 2012; 19:13 ♦ (Vindobona)

The Baltic country has to lower GDP growth forecasts. As foreign trade grows not as fast as expected, the Bank of Lithuania becomes more cautious. This year, Lithuania´s GDP is expected to grow by 3.0%.

Lithuania Suffers From Crisis in Eurozone / Picture: ©

As forecasts regarding the country’s slower foreign trade expansion materialised and consumers and producers continued to lack optimism, the Bank of Lithuania left the gross domestic product (GDP) growth forecasts for 2012 and 2013 basically unchanged. The Bank’s experts forecast that the real GDP will grow by 3.0 per cent this year and 3.4 per cent next year (according to the May…