Analytics, Direct Speech, Economics, GDP, Interview, Lithuania

Gitanas Nauseda.

On Tuesday, Nauseda presented SEB's macroeconomic review of Lithuania and forecasted that next year our economy will grow 2%, instead of the earlier forecasted 4%, writes LETA/ELTA.

The economy is expected to develop 3% in 2013. Granted such rates of growth, the country will come back to the level of 2008 only in the second half of 2014, the economist said.

According to Nauseda, the economic slowdown is mainly caused by external problems, that is, the troubled euro zone. If more active actions are not taken and the European Central Bank does not buy out a bigger share of bonds, the solution of these problems might take several years, he forecasts. "At present, the decisions as to the euro zone are only political. They have to become technocratic and come into force as legislation. If the politicians do not do that, the distrust in the euro zone continues," Nauseda stressed.