wiiw Forecast Reports

BELARUS: Recovery driven by external factors and policy stimulus


Rumen Dobrinsky

in: Strong Growth Amid Increased Negative Risks
wiiw Forecast Report No. Autumn 2018, November 2018 , pp. 64-67

The current report is only available to members and paying customers. Past issues become freely available online when the next report is released. Several individual sections of the report are freely available to download now (see below).

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The economy has rebounded thanks to an improving external environment and a policy stimulus engineered through wage rises. Real disposable income rose sharply supporting an upturn in private consumption. GDP growth was entirely driven by domestic demand while net exports made a negative contribution. Recent indicators suggest that growth has passed its peak and will decelerate. In 2018 as a whole GDP could rise by 3.7%, but thereafter will likely slow down to around 3% in the following years.


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

Countries covered: Belarus