Lithuania’s economy grew by slightly more than 4% in the first quarter of this year, compared to the same period last year, most economists estimated.
Four out of the six experts surveyed believe that the country’s GDP growth ranged from 4% to 4.4%, while one analyst said it grew by 3.2% and another analyst said it grew by 1.5%.
The majority of the experts said the war in Ukraine did not have a significant impact on the Lithuanian economy in the first quarter yet, adding that industrial production and a low comparative base boosted the indicators.
The economists said the country’s economy grew rapidly in January-March, with good performance determined by a low comparative base, as Lithuania was under a strict lockdown a year ago. Good manufacturing and export results also had an impact. (BNN/Business World Magazine)