wiiw Forecast Reports
BELARUS: Struggling to loosen the grip of sanctions
publication_icon
in: Bracing for the Winter
wiiw Forecast Report No. Autumn 2022, October 2022 , pp. 64-67
The economy is in recession, as the impact of the war in Ukraine has been amplified by the new Western sanctions. The authorities have adopted some policy measures aimed at damping the shocks and have negotiated new support agreements with Russia. Public finances have been under considerable strain, inflation has kept rising, and problems have also emerged over the servicing of the external debt. GDP is expected to fall by 4.5% in 2022, and the prospects for the coming years remain bleak.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Belarus