lithuanias economy slows in third quarter on annual basis
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Lithuania's economy slows in third quarter on annual basis

Arab Today, arab today

Arab Today, arab today Lithuania's economy slows in third quarter on annual basis

Lithuania's markets
Vilnius - XINHUA

 Lithuania's GDP grew at 2.6 percent in the third quarter on a yearly basis, Statistics Lithuania announced Thursday, slower than the rate in the first and second quarters of the year.
Annual revised GDP growth numbers for the first and the second quarter of this year were 3.3 percent and 3.4 percent, respectively, on a year-on-year basis.
The economy expanded 0.4 percent in the third quarter, compared with the second.
Figures released on Thursday were flash estimates which will be revised later this year.
Domestic consumer demand has been the main driver of the Baltic country's economy. Construction and transport sector growth contributed to the GDP advance as well, statistics showed.
"Domestic demand, which is household and government consumption, as well as investments, most likely remained the main driver of economic growth," Swedbank said in a statement.
According to the bank, in August and September, consumer confidence declined to the lowest level since 2012 due to the increased geopolitical tensions in the region and Russian sanctions.
However, in September, retail trade growth accelerated and as a result retail trade was 5 percent higher in the third quarter year-on-year.
Swedbank expects GDP to expand 3 percent this year and 3.5 percent next year. Increasing domestic demand will remain the main driver of growth, the bank said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

lithuanias economy slows in third quarter on annual basis lithuanias economy slows in third quarter on annual basis

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

lithuanias economy slows in third quarter on annual basis lithuanias economy slows in third quarter on annual basis

 



GMT 20:57 2017 Tuesday ,14 February

China to avoid bank shock, reach high income

GMT 14:11 2017 Friday ,18 August

Infosys chief quits in rift with founders

GMT 11:08 2017 Saturday ,16 September

German union attacks Air Berlin administrators for delay

GMT 19:59 2017 Saturday ,21 October

Mufti condemns Afghan mosque attacks

GMT 05:33 2016 Sunday ,18 December

Oil tanker catches fire on Super Highway, 3 killed

GMT 16:15 2017 Tuesday ,11 July

IEA: Oil, gas investment set to recover slightly

GMT 09:12 2018 Wednesday ,12 December

Ford trains 1,600 motorists in Mideast, Africa in 2018

GMT 18:29 2013 Friday ,08 March

Cheb Khaled tops best French song list

GMT 14:22 2018 Saturday ,20 January

Hariri meets French Foreign Minister

GMT 06:33 2017 Sunday ,31 December

Gazan dies after border clash with Israel forces
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday