The largest Nordic and Baltic financial group Nordea has for the second time increased the projections for Lithuania’s GDP growth in 2011.
According to the Economic Outlook released by the group on May 18 Lithuania’s GDP should grow by 4.6 percent in 2011.
In April the group projected growth of 3.3 percent. According to the outlook Lithuania’s GDP in 2012 should grow by 4 percent, up from the 3.8 percent projected in April.
Nordea revised up its average annual inflation forecast to 4.4 percent (from 3 percent in April) this year and to 3.5 percent in 2012.
The group also predicts that Lithuania will be able to adopt the Euro by 2014 providing the government continues with significant fiscal consolidation.
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