Swedbank, a Swedish multinational banking group, on Tuesday lowered Lithuania's GDP growth forecast for this year by 0.1 percentage point to 2.5 percent, citing stalled industrial activity, reported Xinhua, quoting the Baltic News Service (BNS).
The bank maintained its 2026 GDP growth projection at 3.2 percent.
According to Swedbank, Lithuania's economy is expected to record the fastest growth in the Baltic region in 2026. However, the expansion could be uneven, driven primarily by domestic demand, as export growth is projected to slow further or even come to a standstill.
Swedbank kept its average inflation forecast for this year unchanged at 3.8 percent, while slightly lowering the 2026 inflation projection by 0.2 percentage point to 3.3 percent.
Average wages are expected to rise by 8.7 percent this year and by 8 percent in 2026. Unemployment is forecast to remain at 7.1 percent in both 2025 and 2026, with employment growing by approximately 0.2 percent annually.
The bank predicts that exports of goods and services will increase by 2 percent in 2026, while household consumption is projected to expand by nearly 6 percent.
- Lithuania
- Growth
- Cut
- Swedbank
Source: www.dailyfinland.fi
