Economist: industry sector is the only one to feel technical recession

The industry sector feels technical recession in Lithuania the most, but other sectors remain stable and their economic situation may even improve says Chief Economist at Luminor Bank Žygimantas Mauricas.

“The picture is odd, on the one hand, we see the overall [GDP] indicator declining, which is dragged down by industry. Yet the majority of all other sectors are still doing rather well and are starting to look at the future: for interest rates to decrease in half a year, the energy crisis seems to have been overcome, the situation in Ukraine is not very bad (&). They are entering summer in a rather good mood,” Mauricas told the radio station Žinių radijas Monday.