Lithuania’s GDP contracts in 1st quarter
shutterstock
Lithuania’s economy shrank for the first time since late 2009, second estimates from Statistics Lithuania (LS) show. Gross domestic product fell 0.3 percent sequentially in the first quarter, which was revised from 0.2% fall estimated on April 30.
Photo by Shutterstock.com
This was the first contraction since the fourth quarter of 2009, when GDP was down 1.3%. GDP had advanced 1.1% in the fourth quarter of 2019.
On a yearly basis, the economy grew 2.4% in the first quarter, but slower than the 3.8% growth logged a quarter ago, LS said on June 1.
Hungary Gasoline Prices 3% Over Regional Avg
Hungary to Address Future of Cohesion Policy During EU Presi...
Cordia’s Marina City Project Begins
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
