wiiw Forecast Reports
BELARUS: Recovery under way
publication_icon
in: CESEE Back on Track to Convergence
wiiw Forecast Report No. Autumn 2017, November 2017 , pp. 50-53
GDP in Belarus grew by 1% in the first half of 2017, thanks to the economic
upturn in Russia and the settling of the gas dispute between the two countries.
The resumption of normal oil deliveries from Russia enabled a rapid recovery
in manufacturing and exports. A tight macroeconomic policy stance
contributed to a reduction of inflation in Belarus to single-digit levels. GDP
growth could reach 2% for the year as a whole and may strengthen further in
2018 and 2019.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Belarus