Belarus’ foreign debt soars to crisis point – economist

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Belarus may lose up to 300-400K of able-bodied persons, Yaraslau Ramanchuk, an economist and former presidential candidate, said in Belsat TV show the Territory of Truth.

“Belarus has already reached a very high level of external debt, which does not allow our GDP to grow by more than 2% per year. If Russia’s GDP grows at an average annual rate of by 1.5-2%, the world – by 3.5%, Belarus is pervasively lagging,” the expert believes.

“As a result, when finding out about employment opportunities in European countries, Lithuania, Poland, where average salary is €500-700, they just start to vote against this system with their feet – and leave. Therefore, if Alyaksandr Lukashenka fails to bring about changes in economic policy in the next few years, he may lose 300-400K of working-age population, which will further worsen the demographic problem,” he warned.

belsat,eu

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