wiiw Forecast Reports
BELARUS: Economic sluggishness likely to persist
publication_icon
in: Braced for Fallout from Global Slowdown
wiiw Forecast Report No. Autumn 2019, November 2019 , pp. 44-48
The Belarusian economy has weakened owing to disruption in gas and oil supplies from Russia. Economic performance in the first half of 2019 was only supported by domestic demand while exports and manufacturing output dropped. The combination of a negative external environment and policy restraint are expected to dominate in the near future as well. The short-term prospects for Belarus have deteriorated and we expect GDP growth to be around 1% in 2019 and slightly higher in the next two years.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Belarus