wiiw Forecast Reports

BELARUS: Improving external environment supports modest growth

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Rumen Dobrinsky

in: Riding the Global Growth Wave
wiiw Forecast Report No. Spring 2018, March 2018 , pp. 72-76

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GDP in Belarus grew by 2.4%, defying the expectations of a continuing recession. Thanks to an improvement in the external environment, manufacturing output and exports rebounded strongly. Tighter macroeconomic policies contributed to a shrinking of the current account deficit and a lowering of inflation expectations. Inflation reached a historic low in 2017. The short-term prospects have improved and positive economic growth should continue in the coming years.

 

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

Countries covered: Belarus


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