Lithuania: Economic growth slows markedly to over four-year low in Q1
April 30, 2015
According to the flash estimate released by the National Statistics Office on 30 April, GDP rose 1.2% in annual terms in Q1. The reading represented a notable deceleration compared to the 2.5% increase registered in Q4 2014 and, if confirmed, it would represent the weakest expansion since Q3 2010.
On a quarter-on-quarter basis, GDP shrank a seasonally- and working-day adjusted 0.6% in Q1, contrasting the 0.7% expansion observed in Q4 and marking the largest contraction since Q4 2009. More detailed data will be released on 29 May.