Lithuania Central Bank Lowers 2012 Economic Forecast to 2.2%

Lithuanian economic growth may slow more than previously estimated as decelerating growth in export markets curbs demand for the country’s products and domestic consumption wanes.

Gross domestic product will probably expand 2.2 percent this year, compared with a November forecast of 3.5 percent, the Vilnius-based Lietuvos Bankas said in an e-mailed statement today. Economic growth may accelerate to 3.3 percent in 2013, it said.