Lithuanian Economy Shrank 22.4%, EU’s Worst Recession
Archived Articles 28 Jul 2009  EWR
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Milda Seputyte

July 28 (Bloomberg) -- Lithuania’s economy plunged a preliminary 22.4 percent in the second quarter, the worst recession since 1990 independence, as output crashed and retail sales slumped.

The decline, the deepest in the European Union, compares with a revised 13.3 percent contraction in the first quarter, the Vilnius-based statistics office said in an e-mailed statement today.

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