The Belarusian authorities predict a decline in economic growth in January 2020

the Belarusian Authorities predict a decline in the economy in the early 2020, about it said the Deputy head of the Ministry of economy Dmitry Yaroshevich.

According to him, in January 2020, the Belarusian GDP will be lower than 100% compared to the same period last year, the official also said that the reduction will affect a number of factors.

As stated Yaroshevich, the baseline scenario of economic growth of Belarus to 2020 envisages an increase in GDP of 2.8%. At the same time in case of unforeseen circumstances has been formed a budget scenario that assumes GDP growth in 2020 by 1.9%.

“Until we see that, rather, is 101,9% (GDP growth by 1.9%),” — said the official.

As previously reported, the Belarusian GDP in January-November 2019 rose by 1.1% compared to the same period in 2018, according to the national statistical Committee (Belstat).

In December 2018 President of Belarus Alexander Lukashenko signed a decree “On the tasks of socio-economic development of the Republic of Belarus to 2019” which provides a country’s GDP growth in 2019 at 4% and inflation no more than 5%.

By 2025, the President has set a target to achieve gross domestic product at the level of $100 billion against $61 billion in 2019.