Belarus' social and economic development forecast for 2020

Belarus' social and economic development forecast for 2020

Main indicators:

GDP growth by 2.8%

real disposable income of the population

by 2.4%

labor productivity in GDP terms

by 2.6%

export of merchandise and services

by 3.6%

foreign trade surplus

plus 1% of the GDP

net foreign direct investments

$1.7 billion

inflation

at most 5%

In 2020 the economic policy will be geared towards preserving internal and external balance by pursuing a counter-cyclical macroeconomic, monetary management, fiscal policy.

Source: Belarus president decree No.401 “On parameters of the forecast of the social and economic development of the Republic of Belarus in 2020”.