Further deterioration of forecasts in Lithuania

Bank of Lithuania forecasts that the decline in the economy in 2009 will amount to 19,3% and in 2010 - 5,2%. In May, predicted a few other figures: this year's GDP to decline by 15.6, and in 2010 - by 4,5%.

Average annual inflation, according to the latest forecast of the central bank, this year will amount to 3,9%, and the next expected deflation in the amount of 2%.

Ministry of Finance forecasts the country's decline in GDP this year, more than 18%. This fall will be the most significant since 1993.

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