Events

The document takes aboard a serious slow-up of the investment economic activity in the region and suggests measures to make for Belarusian economic losses. “Experts say that the situation is complicated and the ongoing global crisis is of long duration. We should understand that all countries are in a tough situation,” the Premier said.

The forecast was finalized taking into account that the price for the barrel of oil might make up $83 against the earlier $100. The document suggests that the annual average exchange rate of the Russian ruble was revised from RUB39 to RUB43 per US dollar.

According to Economy Minister Nikolai Snopkov, the finalized document envisages the GDP growth at 0.2-0.7%. Proceeding from the forecast level of labor productivity, the growth of actual wages will make up 1.4%. On the whole, real incomes of people will rise up to 1.5%. The finalized document keeps the targeted inflation at 12%. According to the minister, the document should not be seen as the final scenario of the country’s development in 2015. The main objective of the economic policy is a flexible response to the changing external conditions.