The Survey Report can be viewed and downloaded by clicking here.
In Q2 of 2015 Investors’ Confidence in Lithuania’s economic prospects grew significantly – CEOs of companies investing in Lithuania expect further positive changes in business environment. ICIL revealed that in the nearest future 4 out of 10 investors are planning to increase capital investments, almost as many (38%) expect to launch new investment projects and create new workplaces. However, entrepreneurs are more pessimistic about demand growth – only 1 out of 4 investors believes it will increase.
The global economy grew by just over 3 per cent last year, almost ½ percentage point less than we predicted at the beginning of the year. Growth in the USA, the Eurozone, India and Russia, among others, was disappointing. Meanwhile, economic growth in countries like the UK and Japan exceeded our expectations. The disappointments are mostly history. In the second half of last year, growth in both the industrial and emerging economies rose to 2 and just over 5 per cent, respectively, which we believe to be “cruising speed”.
Even though the evaluations of foreign investors in Lithuania towards the economy are not as positive as in the previous quarter, the overall business and macroeconomic expectations are favourable.
Global Competitiveness Report of World Economic Forum can be viewed and downloaded from here.
Investor Confidence Index for Lithuania (ICIL) survey indicates increasing investor confidence in Lithuanian business environment. The upward trend has remain solid throughout the year and the overall index value reached 1.181 (out of maximum value of 2) in the last quarter of 2014. The positive expectations came through even despite the unpredictable geopolitical situation in Eastern Europe.
