GDP To Contract By 1.2%

February 2010
Emerging Europe Monitor: Central Europe & Baltic States;Feb2010, Vol. 17 Issue 2, p11
Country Report
The article forecasts the economic condition in Lithuania for 2010. The private household consumption will undoubtedly remain weak through 2010 and into 2011, given the degree of leverage built into the economy. The prospects for a consumer-led recovery are not yet in the offing since households and firms are likely to continue shoring up their balance sheets through the medium term. It is forecasted that the growth of the gross domestic product (GDP) will be down to -1.2% in 2010.


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