Šimonytė: The consequences of the pandemic for the economy will be long-lasting



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“Even if the pandemic itself ends or is controlled by vaccination, for example, in the next few years, the psychological consequences, the consequences for mental health and undoubtedly the consequences for the economy will likely be long-lasting”, Šimonytė he said in an interview with Verslo žinios.

According to her, it will be difficult for some sectors to get back on their feet, especially when it is not known whether people’s behavior has changed only temporarily or for a long time.

“Let’s say some kind of conference tourism: it will continue to be an activity or people who have discovered the opportunity to participate remotely everywhere will take more advantage of it and this change will last for a long time,” said the prime minister.

“People will probably travel, tourism will sooner or later return to normal.” But some commercial models may change a bit, “added I. Šimonytė.

Commenting on the too slow distribution of support to affected companies, the head of government said it will be discussed at a special meeting on Wednesday:

According to the Prime Minister, if several institutions are involved in the distribution of support, it is always difficult.

He emphasized that for the second support package, which is currently being coordinated with the European Commission, companies must prepare the documents now.

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