Inflation indicators in Q1-2023 had multidirectional dynamics unusual for Belarus. On the one hand, consumer prices returned to growth on average after an administrative decline in Q4-2022: annualized inflation was 6.4% (QoQ) in Q1-2023. Pro-inflationary pressure has prerequisites for strengthening…
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…
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…
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)…
Household monitoring data indicate that the Consumer Confidence Index, together with its components, continues to recover after a significant decline at the beginning of the war.
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.…
Degree of monetary conditions easiness lowered in Q4-2022. Monetary conditions remained stimulative in Q4-2022, but the scale of economic activity support decreased. In Q4-2022, the Belarusian ruble strengthened on average against the currencies of the countries that were Belarus’ main…
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…