The World Bank’s new “EU-10 Regular Economic Report” says that Lithuania will show the largest improvement in economy growth in the Baltic States’ region as well as will lead the recovery in 2010 in one line with Poland, Slovakia, Romania and the Czech Republic among the EU-10 Member States.
According to countries’ government projections, Lithuania’s economy will grow by 1.6%, while Latvia’s and Estonia’s GDPs are expected to contract by 4% and 0.1%, respectively.
The World Bank says that the pace of the recovery will also differ across the EU-10 region, reflecting different initial conditions, external shocks, and policy responses. Lithuania, Poland, Slovakia, Romania, and the Czech Republic are expected to lead the recovery in 2010. Only in 2011 will all EU-10 countries experience growth.
Cecilia Helland