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NEW YORK Adrian Gonzalez Jersey , Sept. 26 (Xinhua) -- U.S. crude prices recovered Friday as U.S. economic growth for the second quarter was upwardly revised.

Real gross domestic product (GDP) increased at an annual rate of 4.6 percent in the second quarter of 2014, marking the fastest growth rate since late 2011, according to the "third" estimate released by the Commerce Department Friday.

The revised figure was higher than the previous estimate of increasing 4.2-percent and followed a 2.1-percent contraction in the first quarter.

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VILNIUS, Oct. 7 (Xinhua) -- Lithuania's gross domestic product (GDP) is expected to grow by 2.9 percent this year, the mission of the International Monetary Fund (IMF) concluded on Tuesday.

According to Christoph Klingen, IMF mission chief for Lithuania Jackie Robinson Jersey , the country's economy managed to perform well in a difficult external environment.

"Despite some softening in the second half of 2014, momentum in domestic demand and favorable external competitiveness should ensure growth of 2.9 percent this year," said Klingen in a statement.

"A moderate pickup to 3.1 percent is expected for 2015 as external and credit conditions improve and as the reform efforts of the past few years bear fruit," he added.

The Lithuanian Finance Ministry expects GDP growth to reach 2.9 percent this year and 3.4 percent in 2015.

The IMF mission praised Lithuania's efforts in establishing policy frameworks critical for eurozone membership and advancing legislation for fiscal policy over the business cycle Mike Piazza Jersey , but also pointed out the challenges in seeking the repair of Lithuania's public finances.

"New demands on public finances, including for national security and compensation payments for crisis-induced pension and wage cuts, are complicating the task," said the chief of the IMF mission.

The Finance Ministry plans to achieve budget deficit of 1.2 percent of GDP next year.

According to the chief of the mission for Lithuania Authentic Dodgers Hoodie , euro adoption in 2015 is a testimony to Lithuania's economic success.

Commenting on IMF conclusion, Lithuanian Finance Minister Rimantas Sadzius said that the IMF report reflects actualities of the Lithuanian economy.

"We are now concentrated on the next year's budget in which we aim to take advantage of economic growth while managing spending and complying with fiscal discipline," said Sadzius in a statement.

"No doubt, euro adoption from Jan. 1 Authentic Dodgers Hats , 2015, is one of the main factors to have positive influence on the economy," added Sadzius.

The IMF representatives visit Lithuania every year to assess its economic development. The IMF mission worked in Lithuania this year from Sept. 30 to Oct. 6.

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