The crisis in Lithuania

Introduction
2008 – 2009 years Economic crisis in Lithuania - the whole changes in Lithuanian economy, trans-fearing it from the phase of growth in production volume reduction of - recession. This crisis is the internal and external, objective and subjective. External causes due to the 2008-2009 the world economic crisis and its consequences for Lithuania: the volume of export markets and the tightening of foreign capital withdrawal from Lithuania, Lithuania-rate securities fall. Crisis to a certain extent due to the Lithuanian economy and the high load of oil and gas prices, lasted at least five years.
Inner - the previous government unprepared crisis, the parliament adopted a new tax system changes imperfections. The crisis has caused and the social tension, which occurred in 2009 16 January vandal attacks in the family's house. 2009, February, registered unemployed persons reached 150 thousand. "Swedbank" analysts argue that Russia has turned the recession of 2008 at the end. They predict that in 2009 Lithuania's gross domestic product (GDP) to decline about 6 percent. 2010 - About 3 percent. Economic recovery can be expected in 2011.
Crisis, the causes and mechanisms
Analysts indicate the different causes of the crisis - the objective to the subjective. The world's media dominated world economic crisis of interpretation as a consequence of the financial crisis, but was awarded the Nobel Prize in economics prof. Joseph Stiglitz underlines the change in the oil market fatalistic and the influence of other economic spheres.
Well-known philanthropist tycoon George Soros in his book described the crisis in financial bubbles, which explode from time to time.
The crisis developed on the inconsistencies and contradictions financial and the production and marketing, as well as the use of spheres, whose relations have been developed particularly in the new communication - the Internet.
Depreciation of shares, which is conditioned upon, trust and forecasts,...

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