Sunday, 22 September 2019 07:54 GMT

3.7 percent GDP growth forecast in Lithuanian

(MENAFN) Gross Domestic Product (GDP) growth in Lithuania for 2019 is set to achieve a 3.7 percent jump, as the Ministry of Finance forecast, however, noting that next year is likely to only witness a 2.4 percent boost.

Finance Minister Vilius Sapoka explained that "the rapid growth that we are recording this year will not last forever as the projections are affected by negative global trends. Our business expectations are also starting to decline."

In a statement, the finance minister pointed out that even though Lithuania's GDP will keep on growing next year, "the growth will be slower than this year and more fragile."

Sapoka added that the external economic climate is still weak as a result of uncertainties revolving around the international economy among other factors.


3.7 percent GDP growth forecast in Lithuanian


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