Sustained Growth

May 2005
Emerging Europe Monitor: Central Europe & Baltic States;May2005, Vol. 12 Issue 5, p12
Country Report
Country Report
This article presents economic forecasts for Lithuania. Strong domestic demand contributed to the country's economic growth by 6.7 percent in real terms in 2004. Part of the growth appears to have been due to an increase in inventory investment prior to the European Union accession in May 2005. Business Monitor International forecasts a moderate decline in real gross domestic product growth in 2005. Rising prices are expected to affect purchasing power, resulting in a further slowdown in private consumption growth. On the external area, import demand is expected to remain strong while export volumes will be affected by the closure of the first reactor of the Ignalina nuclear power plant.


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