Leanid Zlotnikau: Prices Increased Millions Of Times Since Lukashenka Came To Power

What is happening to the Belarusian economy? Famous economist Leanid Zlotnikau commented to Salidarnast on the words of First Deputy Prime Minister Dzmitry Krutoi about the main successes of the Belarusian economy in 2019. - There is a growth in wages, but this growth is unfounded, - Leanid Zlotnikau says. - There is no product, created by the economy - that is, this consumption will have to be somehow paid for in the future. A simple example: it happens when a family earns Br1,000 and consumes Br1,100. Where did this money come from? Salaries have not increased, but consumption has increased. So one day you will have to pay for it. First, at the expense of inflation. The Belarusians seem to have got more money, and people go to the market with this money. And the number of goods has not increased. So, it turns out that prices are rising. As a result, all this alleged increase in wages is simply devalued. According to the economist, very often Belarusians do not understand the meaning of inflation, they think that their wages have actually increased.