Lithuania’s economic growth has slowed in the second quarter of 2024, with the country’s GDP growth rate reaching 1.80%, down from the 2.90% recorded in the same period last year, according to the latest data updated on August 30, 2024.The year-over-year comparison highlights a significant deceleration in the growth rate, bringing to light potential challenges facing the Lithuanian economy. Last year, in Q2 2023, GDP had shown more robust growth, reflecting a healthier economic environment compared to the present scenario.This reported drop in GDP growth could be attributed to various factors including adjustments in domestic policy, international trade dynamics, and potential internal market fluctuations. As Lithuania navigates these economic waters, industry analysts will closely monitor how the government and businesses respond to sustain and stimulate economic activity in the upcoming quarters.The material has been provided by InstaForex Company – www.instaforex.com
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