wiiw Forecast Reports
BELARUS: With recovery over, sluggish growth lies ahead
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in: The Crisis is Over, but its Scarring Effects are Hindering Recovery
wiiw Forecast Report No. Spring 2024, April 2024 , pp. 50-53
In 2023, the economy almost totally recouped the losses incurred the previous year as a result of the Western sanctions. GDP grew by 3.9%, underpinned by a widening of Russia’s economic support and accommodative domestic policies. Inflation slowed considerably. However, the indications are that this recovery has come to an end – and the short-term prospects are not propitious. GDP growth is expected to slow to some 2% in 2024 and is likely to remain sluggish in the years to come.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Belarus