“Compared with last year’s survey, Lithuania’s business leaders are more optimistic this year. Despite troubles in the euro zone, Lithuania’s companies plan to hire new workers and raise wages,” Domantas Dabulis, a partner with KPMG Baltics, said in a press release.
The majority, or 42 percent, of business leaders polled in Lithuania expect the country’s GDP to grow by between 3 and 3.9 percent this year, and 37 percent expect the growth rate to be between 2 and 2.9 percent, the survey has shown.
Economic growth trends envisaged by businesspeople in other Baltic countries are similar: 44 percent of Estonia’s entrepreneurs and 36 percent of Latvia’s business leaders expectg the growth rate to be within the range of 3 and 3.9 percent. Moreover, 36 percent of Estonia’s businessmen and 39 percent of Latvia’s business executives expect their country’s economy to grow by between 2 and 2.9 percent this year.
Similar to last year, business leaders in the Baltic countries expect the industrial sector to be the main driver of GDP growth this year.
KPMG polled 260 respondents, including executives and financial officers of the leading companies, in the Baltic countries in March.
