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Published: 31 july 2020 22:16

Aleksandras Izgorodinas. The Lithuanian economy‘s downturn is less than expected, but the recovery will not be consistent

Aleksandras Izgorodinas, „SME Finance“ ekonomistas
Valdo Kopūsto / 15min nuotr. / Aleksandras Izgorodinas, SME Finance economist

According to data from the Lithuanian Department of Statistics, over the second quarter of 2020, compared to the same period in 2019, Lithuania’s GDP shrank by 3.8%. Despite the fall in GDP, the second quarter wasn’t quite as bad for the Lithuanian economy as expected when it began – at the beginning of Q2, there were talks about the Lithuanian economy shrinking by double-digit figures.

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