Bank of Lithuania expects the country's GDP growth to slow down to 2.7% in 2019

In 2019, the Bank of Lithuania expects the slowdown of the country's GDP growth to 2.7%. For the current year, the forecast for the recovery of the Lithuanian economy is kept at the level of 3.2%. According to the estimator of the regulator, the country's economic growth will remain rapid, and its slowdown in 2019 “is due to a small decline in export dynamics and a slowdown in the growth of domestic consumption.” The Central Bank expects that in 2018 Lithuania's exports will increase by 5.7%, in 2019 - by 4.6%. Private domestic consumption will grow by 3.8% this year, next year - by 3.5%. According to the forecast, the average annual inflation in 2018 will be 2.7%, in 2019 - 2.2%.

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