SEB – ‘Lithuanian economy will experience a soft landing’

October 10, 2007 at 3:48 pm Leave a comment

GrowthThe SEB Bank issued an Eastern European Economical outlook.  According to the issue released today ‘Lithuania is entering the final stage of an impressive growth period. During 2007, lively domestic demand is pushing GDP growth above its potential level but at the cost of higher inflation. Inflation is also being fuelled by rising production costs. Looking ahead, private consumption will be adversely affected by the upturn in interest rates and decelerating credit growth. Supply side restrictions will emerge as a consequence of labour market bottlenecks. Overall, we believe that Lithuanian economy will experience a soft landing. We expect economic growth to reach 8.0 per cent this year, 6.5 per cent in 2008 and 6.0 per cent in 2009.’

The report focuses on the Russia after elections but it also gives a comprehensive outlook on Ukraine, the Baltic States, and Central European States.

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Entry filed under: Baltic States, Central Europe, Economics, Estonia, Latvia, Lithuania, Northern Europe, Poland, Politics, Russia.

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