VILNIUS — Along with its inflation forecast for the year, Danske Bank released predictions that the Lithuanian economy will shrink by 2.2 percent annually.

The figure is the most pessimistic so far. The Lithuanian government thinks that the economy will grow by 1.6 percent this year while the central bank is expecting 0.5 percent growth for 2010.

Inflation is expected to [private_supervisor]rise by between 0.6 to 1.2 percent for this year. The bank’s senior analyst Lars Christensen said that they see the situation continuing to change, hence the pessimistic outlook.

The Lithuanian economy appears to have bottomed out, given the slow decline in gross domestic product in the first quarter of 2010. The economy shrunk by 2.8 percent, Statistics Lithuanian reported, much less than the previous quarterly declines of 2009, which were all in double digits.

Currently the average annual inflation stands at 1.1 percent. Inflation rose by 0.2 percent on a monthly basis in May.

The bank said that although their prognosis for 2010 is negative, they have seen more positive than negative effects lately and could revise their predictions.

Lithuania’s economy went through tough times in 2009, with its GDP shrinking by 12.7 percent year on year.

Almost all analysts expect the country to return to growth by 2011. [/private_supervisor] [private_subscription 1 month]rise by between 0.6 to 1.2 percent for this year. The bank’s senior analyst Lars Christensen said that they see the situation continuing to change, hence the pessimistic outlook.

The Lithuanian economy appears to have bottomed out, given the slow decline in gross domestic product in the first quarter of 2010. The economy shrunk by 2.8 percent, Statistics Lithuanian reported, much less than the previous quarterly declines of 2009, which were all in double digits.

Currently the average annual inflation stands at 1.1 percent. Inflation rose by 0.2 percent on a monthly basis in May.

The bank said that although their prognosis for 2010 is negative, they have seen more positive than negative effects lately and could revise their predictions.

Lithuania’s economy went through tough times in 2009, with its GDP shrinking by 12.7 percent year on year.

Almost all analysts expect the country to return to growth by 2011. [/private_subscription 1 month] [private_subscription 4 months]rise by between 0.6 to 1.2 percent for this year. The bank’s senior analyst Lars Christensen said that they see the situation continuing to change, hence the pessimistic outlook.

The Lithuanian economy appears to have bottomed out, given the slow decline in gross domestic product in the first quarter of 2010. The economy shrunk by 2.8 percent, Statistics Lithuanian reported, much less than the previous quarterly declines of 2009, which were all in double digits.

Currently the average annual inflation stands at 1.1 percent. Inflation rose by 0.2 percent on a monthly basis in May.

The bank said that although their prognosis for 2010 is negative, they have seen more positive than negative effects lately and could revise their predictions.

Lithuania’s economy went through tough times in 2009, with its GDP shrinking by 12.7 percent year on year.

Almost all analysts expect the country to return to growth by 2011. [/private_subscription 4 months] [private_subscription 1 year]rise by between 0.6 to 1.2 percent for this year. The bank’s senior analyst Lars Christensen said that they see the situation continuing to change, hence the pessimistic outlook.

The Lithuanian economy appears to have bottomed out, given the slow decline in gross domestic product in the first quarter of 2010. The economy shrunk by 2.8 percent, Statistics Lithuanian reported, much less than the previous quarterly declines of 2009, which were all in double digits.

Currently the average annual inflation stands at 1.1 percent. Inflation rose by 0.2 percent on a monthly basis in May.

The bank said that although their prognosis for 2010 is negative, they have seen more positive than negative effects lately and could revise their predictions.

Lithuania’s economy went through tough times in 2009, with its GDP shrinking by 12.7 percent year on year.

Almost all analysts expect the country to return to growth by 2011. [/private_subscription 1 year]

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