wiiw Forecast Reports
BELARUS: Muddling through amidst sanctions
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in: Recovery Beating Expectations
wiiw Forecast Report No. Autumn 2021, October 2021 , pp. 34-37
The restoration of economic relations with Russia has outweighed the negative effect of the Western economic sanctions. Economic growth has been higher than expected, but the upturn has been accompanied by a surge in inflation. Belarus has taken an important step towards closer economic integration with Russia by signing 28 integration programmes. The figures for 2021 have improved slightly, and GDP is expected to grow by some 2.5% for the year as a whole. However, the prospects for the coming years remain bleak.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Belarus