Ignalina closure hits GDP growth

May 05, 2010
From wire reports

VILNIUS - Lithuania’s economy, which exited the European Union’s second-worst recession last year, contracted in the first quarter versus the previous three months after the closure of the country’s only nuclear power plant, Ignalina, reports Bloomberg. Output fell a seasonally adjusted 4.1 percent, compared with a revised 1.3 percent expansion in the previous quarter, said the Vilnius-based statistics office. Gross domestic product shrank an annual 2.9 percent after a r ...

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