VILNIUS, March 26 (Reuters) - The Lithuanian economy will shrink will by 11.4% if a lockdown due to the coronavirus outbreak lasts for two months or by 20.8% if it is extended to four months, the country’s central bank said on Thursday.
This was a significant downgrade from forecasts published by the central bank only last week after the lockdown was announced, when it said it expected the economy to contract by 1.2%.
On March 17, Lithuania’s finance ministry said it saw the economy contracting between 1.3% and 2.8%. Its latest forecast, from September, was for growth of 2.4%. (Reporting By Andrius Sytas Editing by Francesco Canepa)