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Macroeconomic stabilization on shaky ground – digest of the Belarusian economy
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On 3 April 2017, Economy Minister Vladimir Zinovsky​ announced a negative forecast for first quarter GDP growth in Belarus. This comes despite an increase in industrial output and exports at the end of March. In this context, on 6 March...
6 November 2015
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Progressing Recession Deteriorates Quality of Debts – Belarus Economy Digest

On 27 October, the Belarusian statistical office released revised GDP data. The government actually bets on a quick revival of the economy and bails-out some firms and industries through expanding its own debt. However, this in turn creates a potential...

27 May 2015
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Fears of Economic Turmoil, Banking Sector Problems – Belarus Economy Digest

According to the press release published by International Monetary Fund on 19 May the possible losses for the Belarusian economy in 2015 will amount 2.3 per cent of the GDP and $2bn of its foreign exchange reserves. The consequences of...

30 January 2015
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The Government is Preparing for a Recession – Belarus Economy Digest

For 2015, any positive growth would be considered a great success for the Belarusian authorities. Apart from external shocks, several structural challenges have emerged. A spike in inflation, deeper depreciation of the national currency, the distress of the banking industry,...

30 December 2013
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Economic Growth Slows but Prices Rise – December Digest of Belarusian Economy

Over the recent months the rate of economic growth in Belarus has been gradually declining. For eleven months the GDP grew only by 0.9%. A decline in industrial production had a detrimental effect on economic growth. Despite the decrease in...

27 November 2013
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Need For External Financing and Ambiguous Business Perspectives – November Digest of Belarus Economy

This November showed the need for foreign capital in the Belarusian economy is becoming more and more acute. By the end of October the international reserves of Belarus decreased by $575m and amounted to $6.813bn. This number is much lower than the $8,500 predicted...

1 October 2012
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The Rise and Fall of Affordable Housing in Belarus

Whether you arrive in Minsk from the airport, bus or railway station, one of the first things you notice is abundant construction. You will see construction sites almost everywhere. New shiny office buildings of glass and concrete grow in the...

28 August 2009
The IMF Asks the Belarus Government to Weaken its Grip over the Economy

WASHINGTON – Having concluded another round of consultations with Belarus authorities, the International Monetary Fund urges the Government to sell state assets, curb lending and raise...