Lithuania showing signs of improving output

Feb 03, 2010
From wire reports

VILNIUS - The Lithuanian government on the back of increasing export demand has raised its forecast for economic performance this year, reports Bloomberg. Rising export demand has been driving higher industrial production. GDP is forecast to rise 1.6 percent this year, compared with an earlier call for a 4.3 percent contraction, said Finance Minister Ingrida Simonyte at a press conference in Vilnius on Feb. 1. She calls for a 3.2 percent expansion in 2011. The drop in industrial production ...

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