wiiw Forecast Reports
BELARUS: Economy at a crossroads
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in: On Thin Ice: CESEE Core Resilient in the Face of EU Stagnation and the Ukraine Crisis
wiiw Forecast Report No. Autumn 2014, November 2014 , pp. 107-111
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BELARUS
Growth in Belarus was sluggish in the first half of 2014. It seems, however, that a modest upturn has now set in; it should contribute to an average GDP growth of close to 2% for the year as a whole. At present, policy is focused on preserving a teetering macroeconomic equilibrium, which is being bolstered by mobilising short-term external financial resources. This course is likely to linger on up until the presidential elections scheduled for mid-2015, the outcome of which will play a key role in determining the country’s political landscape.
Growth in Belarus was sluggish in the first half of 2014. It seems, however, that a modest upturn has now set in; it should contribute to an average GDP growth of close to 2% for the year as a whole. At present, policy is focused on preserving a teetering macroeconomic equilibrium, which is being bolstered by mobilising short-term external financial resources. This course is likely to linger on up until the presidential elections scheduled for mid-2015, the outcome of which will play a key role in determining the country’s political landscape.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Belarus