05 September 2003 06:43
GDP growth forecast at 6%-7% in 2004
MINSK. Sept 5 (Interfax-West) - The National Bank has submitted to the government its draft of the country's
monetary policy in 2004, which envisions 6%-7% GDP growth.
Industrial production is expected to increase by 5%-6% and the agricultural sector will expand by 4%-5%. Consumer
price inflation is forecast at 14%-18%. The country's monetary supply will increase by 22%- 25% and its monetary
base by 20%-23%.
Belarussian GDP grew by 4.7% and inflation totaled 34.8% in 2002.
Today's official exchange rate is 2,094 Belarussian rubles /$1. [BY EUROPE EEU EMRG ECI] tm tj <>
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