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Lithuania Economy Recovers in Q1

Analysis

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The Lithuanian economy rose 0.8% on quarter in the three months to March, rebounding from an upwardly revised 0.2% fall in the previous quarter, preliminary estimates from the Vilnius-based Statistics Lithuania (LS) showed.

The growth in the country's GDP was mainly influenced by the performance results of enterprises engaged in manufacturing, wholesale & retail trade, and transportations & storage activities.

On a yearly basis, the economy increased 2.9% in the first quarter of 2024, following a 0.1% fall in the preceding quarter. 

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