RELATIONSHIP BETWEEN MACOECONOMIC INDICATORS AND CONSUMER CONFIDENCE IN GOVERNMENT FINANCE INDICATORS

Abstract

The economic situation of each country has always been and is very significant for the development and expansion of all regions and states. Lithuania's membership in the European Union, economic relations with the western world, included its economic processes from the very beginning of the integration into the overall global process. The Lithuanian economy, under the influence of various financial and economic crises, ups and downs, negative moods, has an impact on the Lithuanian economy, markets, as well as consumer confidence in state finances, indicators that have recently been showing negative trends, so it is appropriate to constantly assess which main macroeconomic indicators have the greatest connection with them. It was found, that consumer confidence is related to the country’s GDP, inflation level: a strong negative relationship was found. Directions for further research could be related to wider groups of trust factors and possible scenarios for assessing consumer trust not only in macroeconomic indicators, but also in microeconomic indicators in case of geopolitical challenges. The limitations of the study are also characterized by the fact that consumer confidence in relation to geopolitical challenges is limited in scientific research and more detailed studies revealing the classification of macroeconomic and microeconomic indicators that determine consumer confidence are missing.