In Q4 of 2014, compared to Q4 of 2013, the country's GDP increased by 2.4%, on a year-on-year basis – by 2.9%.
"Having rejoiced over that has happened, let's think about our nearest future. During the last week, all those who are at least slightly interested in economic issues had their eyes set on the Greek election results which presented certain yet not major obstacles on the road of the euro. Although no one seriously thinks about the possibility of the collapse of the euro project anymore, the euro rate has been going downhill against the dollar very rapidly. It virtually changes the situation of exports and imports in the eurozone, now including Lithuania too," Nauseda said.
The advisor to the SEB bank president believes that the euro will remain weak for much longer than a few more weeks since the USA, compared to the eurozone's economy, is several steps ahead of it. However, he views the prospect of exports to the dollar zone countries as rather bright.
"This is not about Russia whose businesses and people find it more and more difficult to buy products sold for dollars. Here we have in mind the USA, China and other Far and Middle East countries which are orbiting in the dollar circle. They become critically important to Lithuania as a reliable alternative to the markets of the crisis-hit Russia and stagnating eurozone," the expert notes.
According to him, the fall of the euro rate will eat up some of the benefits which Lithuania enjoys from cheaper oil and other energy resources.
