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…
Belarusian GDP decreased by 5% (YoY) in January 2023 after declining by ≈5.2% (YoY) a month earlier. January’s GDP (seasonally adjusted) remained close to the December 2022 GDP values, which was close to the average values in 2011 and 2017.…
Belarusian GDP ended 2022 near the levels recorded in 2011-2012. By the end of 2022, the GDP of Belarus decreased by 4.75% y The indicator’s decline is estimated at around 5% y/y in December only. The GDP’s volume in December…