WORLD BANK: EU10 WILL REBOUND WITH LITHUANIA IN FRONT IN
Updated 2011-04-22
Hard hit by the global financial crisis, the economies of EU10 members (Lithuania, Latvia, Estonia, Czech Republic, Hungary, Poland, Slovakia, Slovenia, Cyprus and Malta) are set to rebound in 2011 and 2012, a recent World Bank study shows. "The pace of the recovery in the EU10 is set to accelerate in 2011 and 2012," says the study. However, if growth did pick up in the second half of 2010 throughout the region, the rate of recovery differs, the study stresses.In 2010 Lithuania will top the EU10 economies with a forecasted GDP growth of 4.3 %, followed by Poland which is expected to reach a 4 % increase.
Bulgaria is forecasted to show the strongest growth in 2012 at a rate of 4.4 %.Source: baltic-course.com, Invest Lithuania
