Pasaulio ekonomikos apžvalga „Nordic Outlook“ (anglų kalba)

Nordic Outlook Update

Growth challenged by rising rates and energy prices 

Despite global uncertainty, high energy prices and rising interest rates, global GDP is growing by just over 3 per cent a year. We marginally raise our growth forecast. Investment in AI, defence and energy, an improving manufacturing cycle and stable labour markets provide support. Yet downbeat households face rising borrowing costs, higher inflation and stock market volatility, casting doubt on the expansion’s strength. High energy prices drive inflation, with stronger indirect effects the longer prices stay elevated. Inflation concerns will prompt central banks, including the ECB, the Fed and the Riksbank, to further hike once or twice. Fed and ECB then cut again later in the forecast period.

Nordic Outlook Update – Lithuania

Solid GDP growth with temporary slowdown 

Household consumption and services exports are driving economic growth in 2026. As the impact of withdrawals from second-pillar pension funds fades, household consumption and, consequently, economic growth are expected to slow next year. Investment growth is also set to moderate. Inflation is expected to ease only slightly, while the rapidly rising public debt is becoming an increasing concern.