In the coming 3 years Lithuania will be the fastest growing economy among 25 member states of the enlarged European Union

In the coming 3 years Lithuania will be the fastest growing economy among 25 member states of the enlarged European Union, according to forecasts of the European Commission. The European Commission predicts that Lithuania’s GDP will grow by 6.6% in 2003 (respective figures for Latvia and Estonia being 6% and 4%) and by 5.7% in 2004 (5.2% in Latvia and 5.4% in Estonia), whereas the GDP growth in all accession states will reach 3.1% in 2003 and 3.8% in 2004, compared to respectively 0.8% and 2% in present EU member states. GDP growth in Lithuania in the first 9 months of 2003 was 8.1%.