Ministry of Finance lowers GDP growth forecast, raises inflation forecast
The Ministry of Finance is worsening this year’s economic forecast and believes that the gross domestic product (GDP) will grow by 2.9 percent in 2026.
The Ministry of Finance is worsening this year’s economic forecast and believes that the gross domestic product (GDP) will grow by 2.9 percent in 2026.
Today, the European Central Bank (ECB) raised the key interest rates, on which Euribor also depends, to 2.5 percent. What are the reasons behind this decision and why do the markets…
In August, consumer and producer prices in China rose slightly, but they still do not reach the expected level, as the world’s second-largest economy faces weak domestic…
Although the Russian statistics agency “Rosstat” reports inflation stabilizing around the 6 percent mark, Russian consumers continue to face double-digit main…
In August this year, compared to July, prices in Latvia rose by 0.3%, and annual inflation accelerated from 2.6% in July to 3.2%, according to official statistical data.
Growing national debts are not new. It has become common to address any crisis with increased budget spending and accommodative monetary policy. In other words, with low int…
Finnish financial group OP Pohjola’s bank OP Corporate Bank improves the forecast announced in June and believes that Lithuania’s economic growth will accelerate to 3.2% this year – earlier…
In August, compared to July, the consumer price index in Estonia increased by 0.4%, and the annual inflation rate reached 1.5%, according to the latest data published by the Statistics Department.
Considering the increasing inflationary pressure in the region, the European Central Bank (ECB) is likely to raise interest rates on September 10, and they should continue to rise later, it says…
With rising energy resources and increasing business costs, residents of Lithuania may have to open their wallets even wider this autumn. Economists do not rule out that inflation this year will exceed…