The article is devoted to the importance of innovations for the economic development. The paper describes the current situation with the innovativeness of Belarusian economy and presents main weakest points compared with the neighboring and developed countries.

The impact of entrepreneurial activity on economic growth is not unconditional. At the same time, it is impossible to explain how technology or knowledge can determine total factor productivity without taking into account the role of entrepreneurial activity in innovation. The article examines the relationship between different types of entrepreneurial activity and economic development, as well as factors that determine the role of entrepreneurship in the economy.

This article analyzes present-day realities of the monetary environment in Belarus. The author describes the state of monetary policy in Belarus, reasons and consequences of such state, as well as probable strengthening of monetary policy orientation towards smoothing the output fluctuations.

Population ageing and declined in birth rates are among the major challenges to Belarusian economic development. The labor force is projected to decline, and the Social Protection Fund would run into deficits. To make the pension system sustainable, we need to switch to a partially funded pension system.

The article is devoted to the analysis of economic growth in Belarus. It shows that the steady rate of economic growth in Belarus has noticeably weakened in recent years, which was due to accelerated capital accumulation.

A perfect economic storm is approaching Belarus. A GDP decline in 2020 has become almost inevitable. In the near future, the Belarusian economy will face new serious difficulties. Competent anticipatory actions - which must be taken immediately - can mitigate the loss of output and incomes, and prevent or limit financial stress.