wiiw Forecast Reports
BELARUS: Trapped in a shaky economic situation
publication_icon
in: Darkest before the dawn?
wiiw Forecast Report No. Spring 2021, April 2021 , pp. 47-51
Although Belarus experienced only a mild recession in 2020, the country is going through a period of political and economic turmoil. The disputed presidential election triggered mass protests and isolation from the international financial markets. Russia remains the only source of external funding; however, new lending may be conditional on tough political concessions. Given the growing financial constraints and the deep-seated structural problems, the economic outlook is rather bleak.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Belarus