INVL, a major Baltic investment fund, forecasts that Lithuania’s average annual inflation will reach 4% this year before decelerating slightly to 3.8% next year, Indre Genyte-Pikciene, the company’s chief economist, has announced.
This is an upward revision from INVL’s previous estimates of 2.7% and 3.5%, respectively, last spring.
The average unemployment rate is expected to decrease to 7.2% this year and go further down to 6.5% in 2022.
The company left its 2021 and 2022 GDP growth forecasts unchanged at 4.3% and 3.5%, respectively. (BNN/Business World Magazine)