GDP

International Internet Magazine. Baltic States news & analytics Saturday, 04.07.2020, 08:30

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SEB: Lithuania’s economy to fall by 6.7% in 2020

SEB: Lithuania’s economy to fall by 6.7% in 2020

02.07.2020

Lithuania’s economy had no obvious imbalances before the onset of the coronavirus crisis, which enabled it to withstand the hit dealt by the pandemic in spring and offered the country’s business a reasonably good potential to recover rapidly from the trough, which was experienced in the second quarter, in the remaining quarters of this year, the Scandinavian financial group SEB said on Thursday, cites LETA/BNS.

Keyword tags: Analytics, Economics, EU – Baltic States, Financial Services, GDP, Lithuania



Moody's: Latvia will see a 7.3% GDP reduction in 2020

Moody's: Latvia will see a 7.3% GDP reduction in 2020

01.07.2020

Latvia's GDP will see a reduction of 7.3% this year, but next year economic growth will reach 4.7%, the international ratings agency Moody’s Investor Service, Inc (Moody’s) points out, cites LETA.

Lithuania’s economy to contract by 7% in 2020, to grow by 5.9% in 2021

Lithuania’s economy to contract by 7% in 2020, to grow by 5.9% in 2021

30.06.2020

Lithuania’s economic downturn, triggered by the coronavirus pandemic, likely bottomed out in April 2020 and should be replaced by a gradual recovery in the second half of 2020 following the lifting of restrictions on economic activity in Lithuania and the European Union, the country’s Finance Ministry forecasts based on the latest statistical data, cites LETA/BNS.


Latvia's foreign debt should return to 40-45% in 4 to 5 years - finance minister

Latvia's foreign debt should return to 40-45% in 4 to 5 years - finance minister

15.06.2020

Latvia's foreign debt should return to 40-45% of GDP in four to five years, Finance Ministers Janis Reirs (New Unity) said on Latvian Radio today.

WB projects global economy to see worst slump since WWII

WB projects global economy to see worst slump since WWII

08.06.2020

The negative effects of the measures taken by countries to curb the Covid-19 pandemic will cause the global economy to shrink by 5.2% this year, which would be the deepest recession since World War II, writes LETA, according to the World Bank's (WB) latest forecasts.


05.06.2020

Central bank: Lithuania's economy will shrink 9.7% in 2020

Lithuania became one of the economies in May 2020 with the fastest rate of return back to normal as growing residential mobility allows to believe that a major part of internal demand will get back to normal, and the situation in the labor market is also showing signs of stabilization, Vitas Vasiliauskas, board chairman of the central Bank of Lithuania, says, cites LETA/BNS.

05.06.2020

Bank of Latvia projects GDP to fall 7.5% in 2020

The Bank of Latvia has revised its gross domestic product forecast for Latvia in 2020 downward from -6.5% in its March forecasts to -7.5%, informs LETA.

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