Diplomatic Economic Club has organised a Webinar on May 14, joined by members and guests of the Club. Mr. Aleksandr Izgorodin (Chief Economist at SME Finance) has shared his thoughts on the Current Economic Situation in the Baltic States.

In the beginning, Aleksandr has introduced the Economic Situation in China (to compare), because economics in China has started recovering.
Also, the consumers’ behavior during the pandemic in the EU and Baltic’s has been discussed.One of the conclusions of the Expert – Baltic countries have suffered less on the state of emergency, therefore, the Economic Crisis should not be as significant, as in other EU countries. However, there are some signs that changes in the industrial sector might appear later.

Aleksandr has pointed out – there are new opportunities in every crisis. For instance, Benelux countries now are using their industrial resources more actively, that can increase the export from other countries (and Baltic’s as well). There were explained other opportunities also.

Mr. Aleksandr Izgorodin has prepared the presentation, that is available there here *.pdf

Participants of the Webinar appreciated the „online meeting“, wished all the best and stay healthy to all other participants.