Swebank improves Baltic growth forecast

  • 2011-08-24
  • TBT Staff

RIGA -- Swedbank, one of the largest and most influencial banks in the Baltic states, has raised the 2011 GDP growth forecast for the three countries.

Estonia's forecast saw the largest increase, to 6.7% from 4.5%. Lithuania's forecast was raised to 6.3% from 4.2% and Latvia's to 4.2% from 4%. 

The bank said its increased GDP growth forecasts were a result of a first half that "exceeded expectations".