On June 1 we welcomed 35 participants to the webinar with the leading financial experts of Norway and Lithuania – Mr. Stig R. Myrseth, CEO of Dovre Forvaltning, and Mr. Zygimantas Mauricas, Chief Economist at Luminor bank in Lithaunia.

Some of the insights shared by presenters:

• The corona virus is making global economy sick: we are facing the highest unemployment in 90 years
• Though we will see political changes, possibly some as dramatic as the health crisis, but at least it looks not too bad economically – 2021 could even be a boom year 
• Baltics have successfully managed to contain coronavirus spread and are among least affected countries by pandemics 
• As regards domestic consumption, consumer confidence in Estonia and Lithuania is among the highest in the whole EU 
• Compared to 2008-2009 crisis, faster economic recovery is expected which so far is following V-shaped rather than U-shaped path