June 30, 2020 / 7:24 AM / 16 days ago

Lithuanian economy seen shrinking 7% in 2020 - Finance ministry

VILNIUS, June 30 (Reuters) - The Lithuanian Finance ministry said on Tuesday it expected the economy to contract 7% this year, in line with its previous outlook, as the slump due to the new coronavirus pandemic weighed.

“We see the first signs of a recovery,” Finance minister Vilius Sapoka told reporters.

The new estimate compared with a forecast in March for a 7.3% contraction. Lithuania’s central bank forecast a 2020 drop of 9.7% in early June while the European Commission forecast a fall of 7.9% in May.

The Finance ministry’s last forecast before the novel coronavirus pandemic struck, from December, was for growth of 2.3%. (Reporting By Andrius Sytas; editing by Niklas Pollard)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below