Dec 24 (Reuters) – The financial system of Belarus is predicted to shrink by 4% in 2022 after western nations imposed punitive measures, a lot lower than some had forecast, Interfax cited Prime Minister Roman Golovchenko as saying on Saturday.
The European Union, the USA and others have imposed billions of {dollars} price of sanctions on the ex-Soviet state over its assist for Russia’s struggle in opposition to Ukraine.
“You recognize the forecasts we got – from a complete collapse (of the financial system) to a drop of 20%,” Interfax quoted Golovchenko as telling nationwide tv.
“I believe that those that conceived this operation relied on these calculations,” he mentioned.
Golovchenko additionally mentioned the general inflation fee in 2022 can be 12%, Interfax reported. 12 months-on-year inflation on Dec. 1 was 13.3%, down from 15.2% the earlier month.
Reporting by David Ljunggren; Modifying by Daniel Wallis
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