Lithuania: Economic growth decelerates in Q4
January 30, 2015
According to the flash estimate released by the National Statistics Office on 30 January, GDP rose 2.4% in annual terms in Q4 2014. The reading represented a deceleration compared to the 2.7% increase registered in the third quarter and, if confirmed, it would represent the weakest expansion since Q2 2012.
In the full year 2014, GDP grew 2.9%, according to the preliminary estimate. This would mark a deceleration compared to 2013’s 3.3% increase and the slowest pace of growth in four years.
On a quarter-on-quarter basis, GDP grew a seasonally- and working-day adjusted 0.6% in Q4, coming in above the 0.4% expansion observed in Q3. More detailed data will be released on 27 February.