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Lithuania: Erste, stronger growth in 2019

But a slow down expected in 2020

29 October, 17:32
(ANSA) - BELGRADE, OCTOBER 29 - The economy of Lithuania is expected to grow by 3.1% in 2019, from the 2.7% expected earlier this year, surpassing market expectations, Erste Group Research said in a special report today. However, "the outlook for next year is gloomier, mostly due to weakening foreign demand, the unsolved Brexit issue and increasing protectionism," Erste added, forecasting a 2.4% GDP growth in 2020. Lithuania is "a small and open economy" with exports accounting for up to 80% of GDP and the country is "heavily exposed to slowing economic activity in the EU, especially in Germany," Erste added. (ANSA).

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