Lithuania grow up to 3.9% in first quarter

litas

Lithuania’s economic growth slowed in the first quarter as the European debt crisis dropped the demand for the Baltic nation’s exports.

Gross domestic product grew a preliminary 3.9 percent from a year earlier, compared with a 4.4 percent increase in the previous three months, the statistics office in the capital Vilnius said today, but despite to the prevision of a “pessimistic” 3 percent it grows up till 3.9.

The Finance Ministry estimates economic growth may slow to 2.5 percent this year from 5.9 percent last year.

Source: Bloomberg.com