Key labor market trends for Q2-2026 – The number of employed in the economy grew by 0.2% over the quarter (in seasonally adjusted terms). The unemployment rate reached a new historical low – 2.1% of the labor force. – The…
Key findings of the Belarusian household survey (July 2026) – The Consumer Confidence Index increased by 1.4 p.p. in Q3-2026 (according to the Rosstat methodology) reaching -0.8%. The index excluding the component measuring the current state of the economy (according…
Belarus’s economy accelerated in Q2-2026 and will grow by 1.5–2.5% per year in the medium term – Belarus’s GDP grew by 3% in Q2-2026 relative to Q2-2025, while for the half-year as a whole the economy grew by 1.5% YoY…
Belarus’s GDP growth temporarily accelerated above 5% YoY in July 2026 due to the uneven pace of harvest campaigns in the current and previous year Over seven months, GDP increased by 2.1% YoY, while in July alone it jumped by…
Non-restrictive monetary conditions and an increase in fiscal stimulus provided significant support to domestic demand in Q2-2026 The National Bank cut key rates by 0.5 p.p. in Q2-2026 and did not withdraw excess bank liquidity at auctions in order to…
Inflation in Belarus remained low in Q2-2026, but the easing of price controls from July will lead to its moderate increase by year-end Annual inflation slowed from 5.4% YoY in March to 4.3% YoY in June 2026, while the annualized…
Belarus’s GDP grew by 3% YoY in Q2-2026 Over the half-year, GDP grew by 1.5% YoY, and in June alone by ≈3.5% YoY. Compared to May 2026, output edged slightly downward (seasonally adjusted). However, thanks to strong dynamics in the…
Belarus’s economy will grow at a moderate pace in the medium term, provided that external conditions do not deteriorate significantly GDP will grow by 1.5–2.5% and exceed $100 bn in 2026. The economy accelerated to ≈3% YoY in Q2-2026 (after…
Belarus’s GDP reached a new all-time high in May 2026 In January – May 2026, GDP grew by 0.9% YoY, while in May alone it increased by ≈3.7% YoY. Compared to April 2026, output rose by more than 1% and…