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.
McDonald’s opened its first restaurant in Hungary in April 1988 and since then it has become a dominant player in the fast food market.
Albania has historically run a substantial trade deficit caused by its narrow production and export base, and has partly funded this with remittances from Albanians living abroad.
The Belarusian government forecasts the nation's GDP to increase by 0.7% y/yin the first quarter of 2020, by 1.6% y/y in the first half of the next year, 2.2% y/y in January-September, and by 2.8% y/y over the year.
Higher prices in food, housing, hotels and restaurants, as well as culture and recreation segments drove the result, though a pick-up in core inflation also played a role.
Romania’s current account deficit reached €10.7bn, nearly 4.9% of GDP, in the 12-month rolling period ending November, 22.7% up y/y.