Lithuanian GDP soared 8.7% in 2007, after growing 7.7% in 2006. Economic growth has averaged a stunning 7.5% for the last eight straight years. The consensus forecast of for GDP growth to continue at a 6-7% growth rate for the years to come.
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Latvia’s economic growth is among the fastest in the world, with GDP growing 10% in 2007 after 12% growth in 2006. The consensus estimate is that GDP will grow 7-8% in 2008. Growth has been stimulated by domestic demand driven by fast wage growth and private borrowing, boosting consumer price inflation
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Estonia’s GDP grew 7.0% in 2007, following 11.8% in 2006 and 10.5% growth in 2005. Average GDP growth has been over 9% for the last eight years. Growth is projected to be 5% in 2008. The contribution of domestic demand to growth has increased markedly since 2005, as consumption has been fuelled by wages
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