MINSK, 17 January (BelTA) – Prime Minister of Belarus Roman Golovchenko talked to reporters and explained why negative forecasts of foreign analysts regarding the development of the Belarusian economy had failed, BelTA has learned.
International financial institutions keep making forecasts concerning the performance of the Belarusian economy that fall short of the actual figures. Roman Golovchenko explained it by saying the competence of those, who make these forecasts, can be poor. “Because there is nothing magical about the forecasts themselves. These are economic models, which are made according to certain matrixes and algorithms. The question is how efficiently they evaluate the potential of stability of an economy and the potential of the decisions that can be made by the country’s leadership in certain situations. The fact that year after year these forecasts fall flat is a matter of quality of evaluation of primarily the situation in our country,” he remarked.
It is true not only for economic affairs but also political ones, the prime minister stressed. “We can definitely translate the situation with economic forecasts to the situation with political forecasts. They make adjustments on the go but we don’t pay much attention to that. We are interested only in our own forecasts, which are measured and rely on a real evaluation of the situation. On the other hand: why are they negative from the start? Well, it is what the analysts are ordered to produce,” the head of government said.
Roman Golovchenko also mentioned an example to illustrate how so-called independent economists try to find something bad in any good thing. “Wages have increased in Belarus. They say that prices will rise. The money supply has increased in Belarus. It means that there will be devaluation. They say they see big risks. Well, pardon me, but by the same logic if we go shopping, we see big risks of our losing the wallet or a brick falling on our heads. We have a rather strong economic staff. We employ astute analysts. They are capable of adequately looking at what is going on in our country without rose-tinted glasses,” Roman Golovchenko assured.
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