2023.04.24 15:50

Economist: Lithuania’s economy already in recession

 
PHOTO: ELTA / Marius Morkevičius
The State Data Agency has reported that industrial production in Lithuania totalled EUR 9 billion in January-March 2023, down by 11.9% year-on-year at constant prices.

Nerijus Mačiulis, chief economist at Swedbank, says this suggests that Lithuania’s economy is already in recession.

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