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…
The leap year factor contributed to a temporary increase in the Belarusian GDP growth rate in February 2024. GDP grew by 4% (YoY) over two months of 2024: it grew by ≈5.3% (YoY) in February following a 2.8% increase (YoY)…
Belarus continued enjoying its expanded discount for the Urals oil versus the Brent oil, which was estimated at ≈ $1.9 billion in 2023 and ≈$3.6 billion in 2022–2023 altogether. In 2023, Belarus will likely continue to buy Urals oil at…
Economic activity in Belarus continued to weaken. GDP grew by 2.8% (YoY) in January 2024 following a ≈4% growth (YoY) in December 2023. Weakening dynamics in the manufacturing sector and a drop in the construction sector led to a slowdown…
The Belarusian economy slows down, and the Belarusian authorities may prioritize curbing inflation in 2024. GDP grew by 3.9% in 2023. The output dynamics weakened at the year-end: annual growth slowed from 6.2% YoY in Q3-2023 to ≈4.9% YoY in…
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…