Flash comment: Lithuania - GDP – A dip rather than collapse
A dip rather than collapse

  • Quarterly rate revised down to -5.5%
  • Economy contracted only 4.2% y/y
  • External sector cushioned the impact

As more data rolls out the extent of economic damage caused by the pandemic is revealed. Second quarter performance of Lithuanian economy was marginally worse than initially reported but still among of the best in region. The contraction was broad across sectors, but recovery stated quickly making the drop rather shallow. A temporary collapse in in imports meant that net exports cushioned the overall fall in GDP

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Vytenis Šimkus Vytenis.simkus@swedbank.lt +370 687 17870

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