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…
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…
Belarusian GDP could exceed its equilibrium in Q2-2023. In June, the GDP of Belarus grew by ≈7.1% (YoY) and by 6.1% (YoY) in Q2-2023. In June 2023, GDP volume (seasonally adjusted) increased by ≈0.15–0.4% compared to May 2023. On the…
The Belarusian economy could overheat in the context of continued monetary stimuli in May.Over the five months of 2023, Belarus’s GDP increased by 0.9% (YoY) and by ≈7.1% (YoY) in Mayonly (Figure 1). Economic activity remained on a growth trajectory:…
Belarus’ GDP continued growing in April.In April 2023, the Belarusian economy grew by ≈4% versus April 2022. GDP (seasonally adjusted) increased by ≈0.8–0.9% by March 2023. The economy’s adaptation to sanctions leadsto a gradual output recovery, but its volume in…
Belarusian GDP kept recovery dynamics in March. GDP decreased by 2.1% (YoY) in Q1-2023. In particular, output increased by ≈0.7% (YoY) in March after declining by ≈1.9% (YoY) in February. A partial output recovery because of the economy’s adaptation to…
The GDP of Belarus decreased by 3.6% (YoY) in the first two months of 2023. In February alone, this decrease in the indicator was estimated at ≈1.9% (YoY) after a ≈5.0% (YoY) decrease in January. The GDP volume (seasonally adjusted)…
In 2022, a significant price decline for the Russian Urals oil versus the Brent oil pricing has likely brought and is bringing unexpectedly large benefits for Belarus. In 2022, Belarus purchased oil from Russia at an average price of presumably…