Lithuania's GDP growth has been driven by domestic demand

The Lithuanian Gross Domestic Product (GDP) in the second quarter of this year compared to the corresponding period of 2017, after eliminating the influence of the season and working days, has increased 3.7%. and at current prices rose to 10.991 billion. Euro economist Gitanas Nausėda said that GDP growth was boosted by domestic demand in the second quarter of this year

. Real GDP in April-June was 0.9%, the Department of Statistics reported. In the second quarter, the positive change in GDP was influenced by the results of repair, transportation and storage activities, wholesale and retail accommodation and catering, motor vehicles and motorcycles, without eliminating Impact of the season and working days. compared with April-June 2017, it was also 3.7% and 7.7% compared to the first quarter of this year

Statistics Lithuania also revised its GDP for the first quarter of this year. According to the revised data, in the first quarter of this year, GDP stood at 9.893 billion. (previously announced – 9.892 billion euros) and an increase of 3.6% compared to the corresponding quarter of 2017.

Advisor to the president of Bank SEB, economist G. Nausėda said: "One could badume that the center of gravity is shifting internally, because, as we can see, the positive change in GDP has been more influenced by trade, transport, and storage. 39, accommodation and catering.It is more sectors of the economy focused on the domestic market (…) So far, growth is stable. "

There expects the country's economic growth rate to remain or slow down somewhat in the second half of this year. "I think that a similar growth rate, or even a slower pace, should stay in the second half of this year, and the end result may not be good," said the economist. in 1969. According to G. Nausedos, the indirect impact of the Lithuanian economy could have started commercial wars "Some much more tangible risk factors have to wait until 2019, because trade wars are not the same. are in their infancy, they only worsen. If they do not stop, I fear that these indirect impulses will reach the Lithuanian industry, indirectly through the links with the European Union, which in turn will encounter serious trade problems with them. USA, "said G. Nausėda, economist Darius Imbras said that" investment growth is mainly due to labor shortages and the increase in the number of employees. company motivations to automate and digitize production processes, historical levels reaching the level of utilization of production capacity.In addition, investments have benefited positively and have begun to increase the flow of funds from the EU, they contribute to the growing activity of the construction sector.However, export growth, according to him, has been significantly slower in the first half of this year compared to Last year, however, Lithuanian exporters are still competitive, although "the demand for products exported to Lithuania is declining in many major trading partners."