The scale of economic overheating in Belarus increased in Q1-2025, while the risk of severe turbulence in the event of a sharp deterioration in the situation in the global or Russian economy has risen markedly. In Q1-2025, GDP grew by…
Over the first two months of 2025, GDP grew by 3.1% YoY, while separately in February – by ≈2.5% YoY after +3.7% YoY in January. The slowdown in annual growth was due to the calendar factor. Adjusted for seasonality, GDP…
Economic activity in Belarus remained high at the beginning of the current year. Belarus’s GDP grew by 3.7% YoY in January 2025 after increasing by 4.7% YoY in December 2024. The GDP volume (seasonally adjusted) in January 2025 declined by…
The economy enters 2025 in an overheated state, with GDP volume preliminarily estimated to be ≈2.4% above the sustainable level in Q4-2024. Excessive stimulation of consumer demand yielded low returns in terms of output growth, contributed to a widening foreign…
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…