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

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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