Lithuania will not avoid recession in 2020 – Luminor

  • 2020-03-18
  • BNS/TBT Staff
VILNIUS – Lithuania's economy will probably not avoid a recession in 2020 but strong GDP growth should follow in 2021, economists from Luminor bank estimate. They say Lithuania's economy is likely to shrink around 2.5 percent this year, but grow 6.5 percent next year. "A recession is practically unavoidable but if we assume that the virus is taken under control by June, then 2021 should be a rather impressive year," Zygimantas Mauricas, chief economist at Luminor, told a conference to present the bank's economic forecasts....
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