Презентация к уроку английского языка "Global Economic Crisis and Belarus" - скачать

Август 27, 2022

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Презентация к уроку английского языка "Global Economic Crisis and Belarus" - скачать

Содержание

2. CONTENTS Introduction Macroeconomic and market situation Crisis’s consequences a) Devaluation of Belarusian ruble b) Social issues
3. INTRODUCTION At first glance, it seems that Belarus’ recent economic performance surprised most outside observers. According
4. Macroeconomic and market situation The rapid decrease of external demand in Belarus is a major consequence
5. Exports of major products
6. Macroeconomic and market situation Taking into account the existing relationship between export and import volumes (1%
7. Main indicators of foreign trade
8. CRISIS’S CONSEQUENCES. DEVALUATION OF BELARUSIAN RUBLE Growing external imbalances forced the government to revise exchange rate
9. CRISIS’S CONSEQUENCES. DEVALUATION OF BELARUSIAN RUBLE Thus the current account deficit persists. The main reason for
10. Crisis’s consequences and Social issues The potential increase of poverty creates challenges for social policy, due
11. Ways off Loans and solution Reforms as a remedy
12. Ways off Loans and solution. Belarus was among the first transition economies to ask for an
13. Ways off Reforms as a remedy At the moment, the shape of this “revised” economic program
15. Скачать презентацию

Слайд 2

CONTENTS
Introduction
Macroeconomic and market situation
Crisis’s consequences a) Devaluation of Belarusian ruble b) Social issues
Ways

off

Слайд 3

INTRODUCTION
At first glance, it seems that Belarus’ recent economic performance surprised

most outside observers. According to official statistics, economic growth in Belarus between January and June 2009 amounted to a 0.3% increase year-on-year, while Russia’s economy – a major market for Belarusian industrial exports – dropped by 10.1% year-by-year. Comparison of the country’s previous economic performance illustrates the negative impact of the crisis. A decrease of external demand hit Belarusian industry and increased external imbalances, while the fall of energy prices and deterioration of enterprises deteriorated government revenues. All of these factors unveiled structural problems that required appropriate action. Instead, the government has chosen to delay “radical” reforms by borrowing abroad.

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Macroeconomic and market situation
The rapid decrease of external demand in Belarus is

a major consequence of the global economic crisis. The decline in industrial demand resulted in increased inventories (finished good and stock). As a result, between January and May of 2009, Belarusian merchandise exports dropped by 48% year-on-year.

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Exports of major products

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Macroeconomic and market situation
Taking into account the existing relationship between export and

import volumes (1% to 0.64%), the contraction of Belarusian exports should result in a growing trade deficit (see diagram).

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Main indicators of foreign trade

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CRISIS’S CONSEQUENCES. DEVALUATION OF BELARUSIAN RUBLE
Growing external imbalances forced the government

to revise exchange rate policy. The devaluation was required by the IMF. Despite the measure, this devaluation has not been followed by a restriction in domestic demand,

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CRISIS’S CONSEQUENCES. DEVALUATION OF BELARUSIAN RUBLE
Thus the current account deficit persists.

The main reason for exchange rate instability – the current account deficit. Here you can see the basic measures accepted by the Belarus authorities. They are:

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Crisis’s consequences and Social issues
The potential increase of poverty creates challenges for

social policy, due to a drastic of government revenues and poor identification of vulnerable groups, especially unemployed and low-paid workers. The main “social” choice for the government is between hidden and open unemployment. Efficient privatization is another possible solution, although it would require firing excess labor. It would create new work places and generate revenues for social support.

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Ways off
Loans and solution
Reforms as a remedy

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Ways off
Loans and solution. Belarus was among the first transition economies to

ask for an International Monetary Fund (IMF) stand-by loan. As a great part of the loan agreement the Fund expects the Belarusian government to promote father liberalization efforts which includes preparing the economy for privatization, as well as implementing some structural changes deemed “essential to improve prospects for long-run growth and external stability”.

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Ways off
Reforms as a remedy At the moment, the shape of

this “revised” economic program is not clear. However, the previous version, approved at the end of 2008, included several measures which can be viewed as improving liberalization efforts – including prices, wages, and doing business. After recent discussions with the IMF and World Bank it seems that Belarusian authorities are ready to launch large scale all of for privatization efforts. Evidently, these measures are good for growth in the medium to long- term, but the question remains:
will they solve the country’s short-term economic problems?

Презентация к уроку английского языка "Global Economic Crisis and Belarus" - скачать

Содержание

CONTENTSIntroductionMacroeconomic and market situationCrisis’s consequences a) Devaluation of Belarusian ruble b) Social issuesWays

INTRODUCTION At first glance, it seems that Belarus’ recent economic performance surprised

Macroeconomic and market situation The rapid decrease of external demand in Belarus is

Exports of major products

Macroeconomic and market situation Taking into account the existing relationship between export and

Main indicators of foreign trade

CRISIS’S CONSEQUENCES. DEVALUATION OF BELARUSIAN RUBLE Growing external imbalances forced the government

CRISIS’S CONSEQUENCES. DEVALUATION OF BELARUSIAN RUBLE Thus the current account deficit persists.

Crisis’s consequences and Social issues The potential increase of poverty creates challenges for

Ways offLoans and solutionReforms as a remedy

Ways offLoans and solution. Belarus was among the first transition economies to

Ways offReforms as a remedy At the moment, the shape of

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