wiiw Forecast Reports
BELARUS: Recession continues
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Belarus plunged into deep recession; GDP slumped by 4% in 2015. The crisis struck hard across the board, affecting all aspects of economic life, while policy-makers had little manoeuvring space in which to soften the blow. Short-term prospects are bleak as recession is likely to persist throughout 2016. A
modest recovery may start in 2017, but it will be conditional on the revival of key export markets.
Countries covered: Belarus