This growth will continue due to consumption, although European Union (EU) funding will have limited impact on the increase on investment activity. Total export volume this year will rise only a bit, due to market diversification.
Estonia‘s growth forecast for 2015 has been moderately revised down due to weak exports, but growth will rebound – sustained primarily by a consumption boom and strong demand from Sweden. GDP will grow 2.7 percent in 2016 and 3.4 percent in 2017.
Lithuania’s pace will be leisurely this year, slowed down by loss of export markets in Russia and low prices that have hurt the country’s important refined oil export. Growth will accelerate to a decent 3 percent or so annually during 2016-2017, according to SEB Banka.