SEB ups Lithuania’s growth forecast
Lithuania’s SEB bank increased the forecast for the Baltic country’s GDP growth for 2017 to 3.2 percent from the previous projection of 2.5 percent, according to the bank’s macroeconomic report. The bank also expects Lithuania’s economy to expand by 3 percent in 2018. However, it urged structural reforms without any delay. “The country’s economy has been improving consistently, nevertheless, the country fails to catch up with theWestern Europe’s living standards at a faster pace; all this points to the need of immediate assistance to the Lithuanian economy,” the bank said in the report.