You're reading: Charter97: Belarus faces sharp devaluation

Prognoses tell that Belarus will see the repetition of the 2011 crisis and sharp devaluation of the national currency.

The following three years will not be easy for Russia’s Customs
Union partners and other close neighbors. The limited demand on the part
of the EU and Russia may lead to crisis syndromes appearing in Belarus
and Ukraine. It is said in the prognosis of the social and economic
development for 2014-2016, published by the Ministry of Economic
Development of the Russian Federation. Decrease in consumer demand,
outflow of assets and significant weakening of national currencies are
predicted, Interfax reports.

The recurrence of the 2011 crisis,
accompanied with sharp devaluation of the Belarusian rouble, is
predicted for Belarus in 2014, the authors of the prognosis believe.

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