Differing growth predictions demonstrate uneven global recovery


The European Commission (EC) today released its spring forecast in which a 0.3% contraction in GDP for eurozone economies in 2012 is predicted.

The picture was different for Lithuania and Thailand, where the respective central banks published improved growth estimates.

The Bank of Lithuania on May 10 announced it had revised upwards the economic growth forecasts for this year and the next year following "faster than expected" economic growth in the first quarter of this year.

The central bank

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