Macro - Country Economic Forecasts - Lithuania
We have cut our 2022 GDP growth forecast to 1.9% from 3.0% in December due to the fallout from the war in Ukraine. The impact will be felt mainly via high commodity prices, slowdowns in trading partners and the effect of sanctions on Russia and Belarus, both of which share a border with Lithuania. The outlook is highly uncertain, with the potential for energy prices to remain higher for longer and tighter sanctions further dragging on growth across Europe.
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