Baltic economies in good shape says SEB

Baltic states Estonia, Latvia and Lithuania are in good economic shape compared to many of their neighbors, Swedish bank SEB said in its June Investment Outlook released Tuesday.

"The three Baltic economies are showing decent growth, largely thanks to rising real incomes that are enabling a continued healthy rate of increase in private consumption.

"Exports will gradually be helped by improving economic conditions in Western Europe, while capital spending will remain weak in the Baltics," SEB said. 

Collectively the Baltic states would record growth of 2.5% this year and 3.1% next year, SEB predicted.

Internationally, SEB was fairly optimistic, talking of "a world that is expected to deliver successively stronger economic growth and a continued low underlying inflation rate."

The picture was less rosy for Russia though, with SEB anticipating it would "experience a deep recession in 2015."

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