“When Lithuania missed the inflation criteria to join the eurozone, it was considered a big political failure. But given the present vulnerability of the eurozone, it may look like a windfall success. The LFMI survey shows that two-thirds of respondents think that the euro problems and the related risk of an export slump are the major sources of uncertainty and risk for companies today.” | LFMI’s Senior Fellow Rūta Vainienė, Libera’s blog
Market participants polled by LFMI project that the Lithuanian economy will grow at a lower rate in 2012 compared to 2011, the rate of unemployment will not fall and the growth of household income will moderate. The LFMI respondents think that the major sources of uncertainty and risk for the business sector this year will be the euro problems, potential changes in taxes and politicians’ populist decisions related with the upcoming parliamentary election. One-tenth of Lithuanian businesses intends or seriously considers the possibility to transfer activity abroad.
