wiiw Forecast Reports

BELARUS: Grappling with a crippled economy


Rumen Dobrinsky

in: Sailing Through Rough Waters
wiiw Forecast Report No. Spring 2023, April 2023 , pp. 40-44

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Throughout 2022, Belarus underwent a painful adjustment to the external shocks it faced. Despite massive policy support measures and Russia’s continued economic backing, GDP shrank by 4.7%. That year also witnessed a sweeping reorientation of trade flows, and China became Belarus’s second-largest trade partner. Despite all the measures, Belarus’s crippled economy will continue to be dominated by persistent weakness. GDP growth in the coming years will remain in the range 1-2%.


Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Belarus