wiiw Forecast Reports
BELARUS: Growth set to slow down
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in: Moving Into the Slow Lane
wiiw Forecast Report No. Spring 2019, March 2019 , pp. 62-66
Economic activity slowed down abruptly in the second half of 2018 due to a combination of domestic and external factors. These include changes in Russia’s energy taxation system which affect Belarus. Private consumption remained the main growth driver thanks to rising income and a boom in consumer credit. There are no imminent threats to macroeconomic stability but the short-term prospects have deteriorated and the Belarusian economy is expected to slow down in the coming years.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Belarus