Lithuania leaves the recession behind
- Economy expands 1% annually in Q1
- Manufacturing and retail trade
push economy forward
economy spent almost the whole quarter under tight quarantine restrictions and
yet managed to grow, defying expectations. Solid performance in both retail trade
and especially manufacturing has helped push the economy beyond pre-pandemic
First quarter performance
sets Lithuania up for solid growth this year. We expect GDP to grow 3% this
year and 4.9% in 2022. Although given the remarkable resilience, expansion
could be even more rapid.
Key risks are still related to the pandemic
management, although progress on the vaccination front gives hope that we are
on a path to sustained recovery.
For more information please contact
Vytenis Šimkus Vytenis.email@example.com +370 687 17870
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