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Lithuania's economy will grow at the slowest rate among the Baltic countries, the International Monetary Fund (IMF) forecasts. Faster growth is also expected in Poland.
IMF forecasts slowest growth rate for Lithuania among Baltic countries
© DELFI / Kiril Čachovskij

Lithuania's GDP is expected to grow 2.9 percent this year, and growth is set to slow to 2.6 percent next year. Latvian economy will grow 3.2 and 3.1 respectively, and Estonia will see its economy expand 3 percent and 2.9 percent respectively, based on the IMF estimated issued on Tuesday.

Polish economy is set to expend 3.8 percent this year and 3.1 percent in 2020. Growth in the euro zone the Baltic states belong to should stand at 1.3 percent this and 1.5 percent in 2020.

The average annual inflation rate will stand at 2.3 percent this and next year in Lithuania, the IMF estimates. In Latvia, it will stand at 2.4 percent in both 2019 and 2020, and amount to 3 percent this year and 2.8 percent next year in Estonia.

The unemployment level should stand at 6.3 percent in Lithuania this year and inch down to 6.2 percent next year. In Latvia, it will stand at 7.3 percent both this and next year. Estonia will see its unemployment rate fall from 4.7 percent this year to 3.5 percent next year.

Lithuania's current account surplus should stand at 1.1 percent this year and 0.6 percent next year.

BNS
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