This page presents an analysis of macroeconomic trends in Belarus, as well as a bulletin “Macroeconomic Forecast for Belarus”. The bulletin presents a forecast of the key macroeconomic indicators of the Belarusian economy for up to two years; it is based on the Quarterly Projection Model (QPM) for Belarus.
Economic activity in Belarus will remain high in 2025 amid accommodative economic policies, but GDP growth will slow significantly due to resource constraints Belarus’s GDP is projected to grow by 1.7% in 2025, following a 3.9% increase in 2024. GDP…
The Belarusian economy will slow down in 2024 and will stagnate in 2025 due to the exhaustion of extensive growth factors The Belarusian GDP will grow by 2.1% in 2024 following its 3.9% growth in 2023. The effectiveness of economic…
The growth of the Belarusian economy will slow down significantly in 2024, and inflationary processes will concurrently intensify Prospects for maintaining high GDP growth have weakened significantly, as the economy has been overheated by monetary and fiscal stimuli in 2023.…
Belarusian economy will show its corrective growth in 2023–2024, provided there are no new logistical gaps and significantly tightening sanctions The country’s GDP will grow by 2.5% in 2023 and by 1.1% in 2024 if the upgraded supply chains are…