Real disposable cash earnings in Belarus to grow by 3.4% y/y in 2019

Real disposable cash earnings in Belarus to grow by 3.4% y/y in 2019
Belarus Real disposable incomes to grow by 3.4% y/y in 2019
By bne IntelliNews June 13, 2018

Real disposable cash earnings are expected to grow by 3.4% year-on-year in 2019, the nation's Economy Minister Vladimir Zinovsky said on June 12 without providing the 2018 forecast, according to BELTA government news agency.

"The calculations have been made taking into account salary growth commensurate with the growth of labour productivity in 2019," the minister added.

The Belarusian government also expects the GDP growth to reach 4.1% y/y in 2019, above the expected world's average of 3.9% y/y. According to the economy minister, Minsk is expected that the GDP growth in 2019 will be secured on the back of stable external and domestic demand.

According to official data, Belarus' GDP grew by 4.8% year-on-year in January-April, following a 5.1% y/y growth in January-March.

 

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