wiiw Forecast Reports
BELARUS: Economic weakness becoming a chronic challenge
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in: Uncertainty in Turbulent Times
wiiw Forecast Report No. Spring 2020, March 2020 , pp. 66-70
The Belarusian economy remained sluggish in 2019, with GDP growing by a meagre 1.2%. Recent performance was adversely affected by a deepening dispute with Russia over the price of imported hydrocarbons, while the domestic economic policy stance has remained relatively tight. The prospects for a favourable oil price deal with Russia are slim and no change in macroeconomic policy is likely in the near future. We therefore expect GDP growth to be around 1% in 2020, and slightly higher in the following two years.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Belarus