[ad_1]
Photo by Vladimir Ivanovo (V)
2021 In the first half of the year, Lithuania’s growth will remain sluggish, as measures to manage the pandemic will be phased out, the European Commission predicts. Going forward, public investment will help the economic recovery and Lithuania’s real GDP should contract by 2.2% this year. This is one of the lowest rates in the European Union.
Added infogram.
This is foreseen in the 2021 report of the European Commission (EC) published today. The EU will contribute to the economic forecast.
Lithuania’s real gross domestic product (GDP), according to the commission, in 2021. gtels 2.2%, and in 2022. it will grow by 3.1%. According to the commission, these projections did not take into account the impact of financing under the European economic recovery and resilience mechanism, which could lead to higher growth.
Improved in 2022 forecast
Last fall, the EC estimated that in 2021. Lithuanian fish will grow 3%. However, after reducing the growth forecast for Lithuania, it increased in 2022 in the latest forecast for winter. country perspectives. In autumn, the EC had forecast that Lithuania’s GDP would increase by 2.6% next year.
[infogram id=”a43efa19-55f5-404a-a982-ca0937b9a4ad” prefix=”H7z” format=”interactive” title=”BVP prognoz ES 2021 m.”]According to EC forecasts, Lithuania’s GDP growth this year will be one of the slowest in the European Union.
According to her, the average growth of the euro area in 2021 The EU forecasts a GDP growth of 3.2% for the EU economy and one of the most important trading partners of Lithuania, Germany, and the economy is expected to Poland grew by 3.1% and Latvia by 3.5%, 2.6% in Estonia and 2.7% in Sweden.
Due to the limitation of the pandemic
In the first half of the year, Lithuania’s economic growth will remain sluggish as measures to manage the pandemic will be phased out, according to the EC. In the coming years, the country is expected to grow at a slightly faster rate, with public investment contributing the most.
Increased demand starting in the third quarter, along with continued wage growth, is expected to boost private consumption. At the same time, it is anticipated that in 2021. The recovery will be supported by public investment and private investment will be delayed, according to the EC.
2020 Annual inflation in Lithuania, measured by the Harmonized Index of Consumer Prices (HICP), was 1.1%, as rising prices for services and rising prices for food and industrial goods they were partly offset by a necessary drop in energy prices. anus.
Export compensation
According to preliminary data, in 2020 Lithuania’s real GDP grew by 0.9%, which is one of the lowest growth rates in the European Union, according to the EC.
According to the EC analyst, the currently available data shows that the decline in domestic demand in Lithuania was partially offset by the positive impact of exports.
Lithuanian exports were relatively stable last year, as measures taken to manage the pandemic had only a small effect on manufacturing output, while demand remained high. Agricultural production has also had a positive effect on economic performance.
According to preliminary data, the EU economy as a whole grew by 6.3% last year and the euro area by 6.8%.
Rayti komentar
[ad_2]
