Lithuania Revises Q2 GDP Decline

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Thursday, the Statistics Lithuania announced that the gross domestic product or GDP dropped 20.2% year-on-year in the second quarter, revised from 22.4% fall reported initially. The GDP was down 13.3% in the first quarter.

Sequentially, the GDP decreased a seasonally- adjusted 9.8% in the second quarter, revised from 12.3% decline reported earlier. In the first quarter, the GDP was down 10.2%. The GDP had grown 0.2% in a year earlier.

For the first half of the year, the GDP dipped 17% compared to the same period of the previous year.

The economy is anticipated to shrink by 19.3% this year, the central bank said earlier.

The consumer price index or CPI in Lithuania rose 3% year-on-year in July, slower than a 4.2% rise in the preceding month.

Thursday, the Statistics Lithuania announced that the gross domestic product or GDP dropped 20.2% year-on-year in the second quarter, revised from 22.4% fall reported initially. The GDP was down 13.3% in the first quarter. (Market News Provided by RTTNews)