Economy Europe

Belarus: New Economic Policies by President Alexander Lukashenko

According to the World Bank report, Belarus generally has low degrees of destitution and imbalance. Unemployment becomes inexistent, at 0.3% in 2019, with genuine wages rose by 7.6% in January-September 2019. The IMF expects the unemployment pattern to be influenced by the negative monetary effect of COVID-19 pandemic, which is currently expected to increment to 2.3% in 2020 and lessen to 1.8% in 2021.