Research Detail
| 2019/10/29 / Erste Group Research |
Lithuania Special | Stronger growth in 2019, but 2020 looks blue Slowing external environment calls into question next year’s GDP growth. Lithuanian economy expected to slow down from 3.1% in 2019 to 2.4% in 2020. Inflation to remain under control despite soaring wages. The Lithuanian economy sustained solid growth dynamics in 1H19, expanding on average by 4.0% y/y and surpassing market expectations. As a result, the European Commission revised its FY19 growth forecast up to 3.1%, from the 2.7% expected earlier this year. However, the outlook for next year is gloomier, mostly due to weakening foreign demand, the unsolved Brexit issue and increasing protectionism. As Lithuania is a small and open economy with exports accounting for up to 80% of GDP, the country is heavily exposed to slowing economic activity in the EU, especially in Germany. |
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General information
| Author | Erste Group Research |
| Date | 2019/10/29 |
| Language |  |
| Product name | CEE Economies Special Report |
| Topic in focus | Macro/ Fixed income |
| Economy in focus | - |
| Currency in focus | - |
| Sector in focus | - |
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