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Luminor lowers Lithuania's 2019-2020 GDP growth forecasts

  • 2018-12-20
  • BNS/TBT Staff
Luminor, one of Lithuania's biggest banks, on Thursday lowered its forecasts for the country's GDP growth in 2019 and 2020. Luminor bank kept its projection for 2018 unchanged at 3.3 percent.   The bank's analysts expect Lithuania's GDP growth to decelerate to 2.7 percent next year and slow further to 2 percent in 2020, down from its previous projections of 3 percent and 2.5 percent, respectively, released in September.  "Exports fail to show sustainable development, which is a cause for great concern be...
 
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