Household consumption is becoming increasing factor of economic growth
Tuesday, March 31, 2015
With declining export and weakening economic growth, household consumption is becoming an ever increasing factor of economic growth. Having reached its peak ever since late 2007, consumer confidence provides hope that the negative influence of declining export to the Commonwealth of Independent States (CIS) may be at least partially counterbalanced by growing consumption. On the other hand, it seems that Lithuanians will tend to save more this year, says Chief Economist of Swedbank, Vaiva Šečkutė.