SEB ups Lithua­nia’s growth fore­cast

China Daily (Canada) - - BUSINESS -

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.

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