Posts tagged as Lithuania’s GDP

European Commission predicts 8-percent dip in Lithuania’s GDP

Wednesday, May 6, 2020

The European Commission predicts that Lithuania’s gross domestic product (GDP) will contract by 7.9 percent this year due to the Covid-19 pandemic. However, the country’s economy should rebound and grow 7.4 percent next year, the Commission said in its Spring 2020 Economic Forecast. According to the Commission, the heaviest blow to Lithuania’s economy will be dealt in the second quarter of 2020. However, it expects GDP growth to stage a…