Lithuania: as expected, strong recovery in Q3
- GDP in Q3 2020 grew by 3.7% compared with the previous quarter and was 1.7% below last year’s level
- Quickly worsening epidemiological situation casts gloom on recovery – Q4 is likely to be weaker, but nowhere near as bad as the second quarter
GDP was supported by great performance in exports of goods of national origin, better than expected results were recorded in retail trade as well.
Once the lockdown restrictions were lifted, Lithuanians were eager to quickly get out and consume. Thus, strong GDP growth in Q3 was anticipated.
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