49.7% of Belarusians feel decline in earnings in Jun 2020 – survey
<p> MINSK, Jun 24 - PrimePress. According to a joint opinion poll on the economic impacts of the COVID-19 pandemic conducted by Satio and Beroc researchers on June 8-15, 2020, 49.7% of Belarusians felt a decline in their earnings in June. </p> <p> </p> <p> The decline in incomes has stabilized: 49.7% of the respondents felt a decline in their incomes in June 2020 (compared with 45% in March, 52% in April and 48% in May); 55% said their earnings decreased compared with the pre-pandemic period,” reads the report. </p> <p> </p> <p> This was due, as before, to a decrease in the number of orders placed (34% of those whose incomes dropped, particularly typical of the service sector in Minsk), nonpayment of bonuses (26%), and wage cuts (25%). </p> <p> </p> <p> Belarusians continue to experience a reduction in working hours (20% in June against 25% in May) and unpaid furloughs (19% in June against 20% in May). This is the main cause of the income decline in small towns. 7% of those whose incomes dropped report backdated wages. </p> <p> </p> <p> Negative expectations for the next two weeks persist, although they showed an inconsiderable improvement compared with expectations in May. The respondents were slightly more optimistic about the epidemic developments: 52% expect the situation to worsen in June to compare with 66% in May. Despite a deflation and the strengthening of the national currency in May and early June, only 19% and 15% expect this in the future. End </p>
2020-06-25
Primepress
MINSK, Jun 24 - PrimePress. According to a joint opinion poll on the economic impacts of the COVID-19 pandemic conducted by Satio and Beroc researchers on June 8-15, 2020, 49.7% of Belarusians felt a decline in their earnings in June.
The decline in incomes has stabilized: 49.7% of the respondents felt a decline in their incomes in June 2020 (compared with 45% in March, 52% in April and 48% in May); 55% said their earnings decreased compared with the pre-pandemic period,” reads the report.
This was due, as before, to a decrease in the number of orders placed (34% of those whose incomes dropped, particularly typical of the service sector in Minsk), nonpayment of bonuses (26%), and wage cuts (25%).
Belarusians continue to experience a reduction in working hours (20% in June against 25% in May) and unpaid furloughs (19% in June against 20% in May). This is the main cause of the income decline in small towns. 7% of those whose incomes dropped report backdated wages.
Negative expectations for the next two weeks persist, although they showed an inconsiderable improvement compared with expectations in May. The respondents were slightly more optimistic about the epidemic developments: 52% expect the situation to worsen in June to compare with 66% in May. Despite a deflation and the strengthening of the national currency in May and early June, only 19% and 15% expect this in the future. End