SEB cuts Lithuania's 2025 GDP growth forecast, expecting better 2026

VILNIUS, Nov. 11 (Xinhua) -- SEB, one of the largest commercial banks in Lithuania, has cut down its forecast for the country's 2025 growth by 0.2 percentage points to 2.5 percent, according to the bank's Nordic Outlook review published on Tuesday.

For the next year, the Lithuanian economy expects a growth of 3.2 percent, slightly up from 3.1 percent in August, the Baltic News Service quoted the bank's report as saying.

SEB's 2025 forecast was in line with a previous estimate of Swedbank earlier this month, which attributed the downward revision to a slowdown in industrial activity this year.

Regarding average annual inflation, SEB lowered this year's rate by 0.2 percentage points to 3.5 percent, but remained next year's rate unchanged at 3.4 percent.

SEB has also cut its forecast for average wage growth, expecting a growth of 8.2 percent this year, down from its previous forecast of 8.5 percent. For next year, it foresaw a 7.6 percent increase.

Meanwhile, the unemployment rate was expected to remain unchanged at 7 percent for this year and 6.8 percent for 2026. Enditem