Last week, Standard & Poor's maintained Lithuania’s ratings at ‘A-/A-2’ and raised outlook to positive from stable.
Analysts expect Lithuanian GDP per capita to be slightly below $16,000 by the end of 2017 and real economic growth at 2.8-2.9% on a yearly basis over the next 4 years. According to S&P, Lithuania's debt will decline to 32% of GDP by the end of 2020.
Meanwhile, Fitch Ratings affirmed Germany's long-term foreign and local currency issuer default ratings at 'AAA' with stable outlooks. The 'AAA' ratings primarily reflect Germany's diversified economy and sustained structural current account surplus, which has been above 7% of GDP since 2014. Germany’s government debt was 68% of GDP in 2016, which is higher than the average of 41% for the 'AAA' countries.
Fitch forecasts Germany’s GDP growth to come in at 1.9% this year and to slow to 1.7% in 2018. It also expects government debt to gradually decline to 63% of GDP in 2018 from 71% of GDP in 2014.
