Belarus’s GDP growth slowed significantly in November due to a decline in industrial production. For January – November 2024, GDP grew by 3.9% YoY, and in November, it increased by ≈1% YoY. GDP volume (seasonally adjusted) in November decreased by…
Economic Activity in Belarus Remained High in Early Q4-2024, but Did Not Show Growth. For the first ten months of 2024, GDP grew by 4.2% YoY, and in October, it increased by ≈2.6% YoY. GDP volume (seasonally adjusted) in October…
Economic Activity in Belarus Remained High in Q3-2024, but Growth Slowed Considerably. For the first nine months of 2024, GDP grew by 4.5% YoY, and in September, it increased by ≈1.6% YoY (Fig. 2.a). GDP volume (seasonally adjusted) in September…
GDP of Belarus contracted in August, hit by volatility in agricultural production and oil refining. GDP grew by 4.9% YoY in January–August 2024 and by ≈1% YoY in August alone, following an increase of ≈8.4% YoY in July (Figure 1.a).…
Belarus’ GDP growth accelerated in July due to climate factors, but an adjustment decline will occur in August. GDP grew by 5.5% YoY in January – July 2024, and it grew by ≈8.4% YoY in July only. Fluctuations in the…
Belarus’ GDP growth greatly exceeded its balanced rate in Q2-2024, but its dynamics weakened in May–June. GDP grew by 5% YoY in January–June 2024, and it grew by ≈3.8% YoY in June only. Seasonally adjusted output remained near the level…
Belarusian economy grew in May, and if there are no logistics disruptions or sharp tightening of domestic economic policy, GDP growth could be over 4% in 2024. GDP grew by 5.2% YoY in January-May 2024, and by ≈5.6% YoY in…
Belarus’ GDP continued growing in April, and the likelihood of the growth to get close to 3% or higher in 2024 has increased significantly. GDP grew by 5.1% YoY over the four months of 2024, and it grew by ≈7.6%…
Growth of Belarusian GDP exceeded expectations in Q1-2024, but its quality looks increasingly alarming for macroeconomic stability. In Q1-2024, GDP grew by 4.1% YoY, including a ≈4.4% YoY growth in March. Seasonally adjusted output grew by over 1% in March…