29 Nov 2012 18:41

Lithuanian MinFin ups 2012 GDP growth forecast to 3.5%

VILNIUS. Nov 29 (Interfax/BNS) - Lithuania's Finance Ministry has improved its GDP growth forecast for this year by one percentage point to 3.5%, a ministry statement says.

GDP is expected to expand 3% in 2013.

The forecast for average annual inflation this year is increased to 3.1%. The ministry had been forecasting a 3% rise in consumer prices back in September.

The forecast for average annual inflation for next year remains at 3%.