Updated at 00:16,23-05-2018

Economic growth will not exceed 1% in Belarus in 2015


The Belarusian government reconsidered the social and economic development targets for 2015, taking into account the new crude oil prices.

A barrel will cost $83 instead of $100 in summer and the annual exchange rate of the Russian rouble will be 43 roubles per dollar instead of 39.

“The situation is complicated. The global crisis will be of long duration, experts say. All states are in a complicated situation. Even friendly states cannot care about other states’ problems at the moment. We need to solve all problems on our own,” Belarusian PM Mihail Myasnikovich claimed at a meeting of the Council of Ministers on November 22.

The forecast of the GDP growth in Belarus is about 0.2-0.7%, Minister of Economy Mikalai Snapkou said.

The real wages are expected to increase by 1.4% and the real income will go up by 1.5%.

The expected annual inflation rate is 12%.

The document should not be considered as the final scenario of the country’s development in 2015, BELTA quotes Mikalai Snapkou.