Falling emerging markets will not have major impact on Lithuania - Danske Bank analyst
Wednesday, August 26, 2015
Falling stocks in China and other emerging markets will not have a major direct impact on Lithuania, whose export to India, China and the Southeast Asia amounts to less than 1 percent of the total export. What will pose more problems is the decreasing purchasing power in Russia and other countries of the Commonwealth of Independent States. However, cheaper oil will save the situation, says Rokas Grajauskas, Baltic Analyst at Danske Bank.