Lithuanian Economy grows in Q1

According to the Lithuanian branch of Swedbank bank, “In the first quarter of 2024, the economy increased by 0.8% quarterly, while annually it accelerated to 2.9%.”. They also report near zero annual inflation, growing real wages (wages adjusted for inflation), and an all time high consumer confidence. Unfortunately they also report increased unemployment (increased by 1.4%). To round off their report in a positive manner, they also report that “the Lithuanian economy is expected to rebound this year with annual GDP growing by 1.8%. Growth is expected to accelerate to 2.8% in 2025”

 

More graphs and the full report can be found here:
https://www.swedbank-research.com/english/flash_lithuania/2024/24-04-30/2024-
04-30_gdp_flash.pdf

Lithuanian Economy grows in Q1

GDP of USA increased at an annual rate of 1.3 percent in the first quarter of 2024

In the first quarter of 2024, the economy increased by 0.8% quarterly, while annually it