Having been growing rapidly for a long time, the economy of Lithuania and of the whole Baltic region has now slowed. Being at the periphery of the global events we constantly hear worrying news from the main world financial and consumer markets. The news we hear are truly grim: the European Central Bank announced a verdict that the world faces such a crisis for the first time after the Second World War.

 

It is difficult to evaluate new assumptions in general; however, we do have one consolation – a hope that the uncertainty will eventually stop and blurred benchmarks will have to become clearer, and, by the middle of the year, we are likely to see a clearer picture, even if not a very optimistic one.

 

A consolation that “in one way or another, something must happen” will eventually lead to a cruel battle of market selection and survival. Those intoxicated and out of touch with the reality, having lost their faith and rational determination to act decisively in the face of crisis, will be defeated. Those who survive will not only grow stronger building up on the experience they have gained, but also will gather their strength for future growth.