View: We will retain our cautious view of the Lithuanian pharmaceutical market for the remainder of the year. Given that out-of-pocket payments represent a substantial proportion of total drug expenditure – and also that the government remains committed to deficit reduction – we expect low single-digit growth in the country’s pharmaceutical market values. Inflation has also been trending lower, partly due to weakness in the underlying consumer demand. Headline Expenditure Projections ? Pharmaceuticals: LTL1.72bn (US$640mn) in 2012 to LTL1.73bn (US$668mn) in 2013; +0.9% in local currency terms and +4.5% in US dollar terms. Forecast unchanged in relation to previous quarter.
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