non-performing loans
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Progressing Recession Deteriorates Quality of Debts – Belarus Economy Digest
![screen_shot_2015-11-06_at_08.06.28.png](https://belarusdigest.com/wp-content/uploads/2015/11/screen_shot_2015-11-06_at_08.06.28.png)
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...