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…
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 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…