Belarus’ GDP rose significantly in August due to agriculture, while excluding its contribution, growth remained close to zeroOver the first eight months of 2025, GDP increased by 1.6% YoY, while in August alone it rose by ≈3.6% YoY. The output…
We present a new issue of the bulletin “Labor Market and Social Sphere”, which provides an analysis of the labor market situation in the Republic of Belarus in the second quarter of 2025. Key findings:
GDP of Belarus temporarily contracted in July 2025 due to a shift in grain harvesting. In the first seven months of 2025, GDP grew by 1.3% YoY, while in July separaterly it declined by ≈2.7% YoY. The drop in output…
Monetary conditions eased somewhat in Q2-2025 Interest rates on loans and deposits declined in real terms due to accelerating inflation. On average, rates fell slightly below neutral levels. This contributed to maintaining overheated domestic demand and hindered its quick return to…
Economic growth in Belarus slowed in Q2-2025 amid intensification of inflationary processes Belarus’ GDP grew by 1.1% YoY in Q2-2025 after 3.2% YoY in Q1; seasonally adjusted quarterly growth was near zero, keeping output at a historical peak well above…
In the first half of 2025, GDP grew by 2.1% YoY, and in June separaterly – by ≈0.3% YoY. The volume of GDP (seasonally adjusted) declined by ≈1% compared to May 2025. Weak output dynamics were observed across all major…
We present a new issue of the analytical bulletin “The Consumer Confidence Index” within the project Belarus Economy Monitor.
Inflation in Belarus increased in Q2-2025 and is moving toward the upper bound of the 7–9% YoY forecast range for the end of 2025. Annual inflation stood at 7.3% YoY in June 2025. The annualized quarterly price growth rose to…
Economic activity in Belarus remained near its historical peak in May 2025, significantly exceeding its balanced level. Over the five months of 2025, GDP grew by 2.5% YoY, and in May separaterly – by ≈1.3% YoY. The volume of GDP…
We present the new study “Labour market and social sphere”