wiiw Forecast Reports

BELARUS: Recession continues


Rumen Dobrinsky

in: Growth Stabilises: Investment a Major Driver, Except in Countries Plagued by Recession
wiiw Forecast Report No. Spring 2016, March 2016 , pp. 55-59

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Belarus plunged into deep recession; GDP slumped by 4% in 2015. The crisis struck hard across the board, affecting all aspects of economic life, while policy-makers had little manoeuvring space in which to soften the blow. Short-term prospects are bleak as recession is likely to persist throughout 2016. A
modest recovery may start in 2017, but it will be conditional on the revival of key export markets.


Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Belarus