Inflation accelerated noticeably at the end of 2023, and its containment may become an economic policy priority in 2024. Annual inflation increased from 2.0% YoY in September to 5.8% YoY in December 2023. A directive price reduction of October-November 2022…
Extensive growth of the Belarusian economy hits its ceiling due to production capacity limitations. Belarusian GDP grew by 3.8% (YoY) over 11 months of 2023, including a ≈3.8% growth (YoY) in November 2023. GDP (seasonally adjusted) remained above its equilibrium…
Ensuring macroeconomic stability comes into increasing conflict with the ongoing monetary policy. Monetary conditions remained stimulating for economic activity in Q3-2023. Loose monetary conditions were supported by low interest rates in the credit and deposit market, which remained below their…
Economy remains overheated despite weakening growth impulse. GDP grew by 3.8% (YoY) over the 10 months of 2023, including a ≈5.9% growth (YoY) in October 2023. In October, the volume of GDP (seasonally adjusted) remained close to the September level.…
The risks of a strong acceleration in price growth in 2024 are increasing despite continued low inflation in Q3-2023. Annual inflation in September updated its historical minimum value of 2.0% (YoY), and the annualized quarterly increase in consumer prices (seasonally…
The scale of economic overheating becomes extremely dangerous for macroeconomic and financial stability. GDP grew by 3.5% (YoY) over the nine months of 2023, including a ≈6.3% growth (YoY) in September. In September, the volume of GDP (seasonally adjusted) increased…
We present a new issue of the analytical bulletin “The Consumer Confidence Index” within the project Belarus Economy Monitor.
The growth of the Belarusian economy will slow down significantly in 2024, and inflationary processes will concurrently intensify Prospects for maintaining high GDP growth have weakened significantly, as the economy has been overheated by monetary and fiscal stimuli in 2023.…
The Belarusian economy remained overheated in August. GDP grew by 3.1% (YoY) over the eight months of 2023, including a ≈4.3% growth (YoY) in August 2023. The slowdown in annual growth from ≈7.6% (YoY) in July is mainly explained by…
Belarus’ GDP is losing its growth momentum. GDP grew by 2.9% (YoY) over the seven months of 2023, including a ≈7.6% growth (YoY) in July 2023. High annual growth rates reflect the earlier success of households and businesses in adapting…