Belarus’ growth slows for third straight month

November 17, Pozirk. Belarus’ economy grew by 4.2 percent year on year in January–October, the National Statistical Committee (Biełstat) said.

The economy expanded by 4.9 percent in the first eight months and by 4.5 percent in January–September.

Biełstat also reported an increase of 6.2 percent in industrial output, 3.2 percent in agricultural production, 11.8 percent in retail sales and 9.2 percent in transportation.

Belarusians’ real disposable incomes rose 9.4 percent in January–September. Stockpiles of unsold industrial goods increased by 4.23 percent annually, as of November 1.

The International Monetary Fund expected Belarus’ economy to grow by 2.4 percent this year, and the World Bank projected a 1.2-percent increase.

The European Bank for Reconstruction and Development and the BEROC think tank predicted growth of 4.2 and 4 percent, respectively.

In 2023, Belarus’ economy grew by 3.9 percent after 4.7-percent contraction in 2022.

Economy

Economy

IMF improves forecast for Belarus' economic growth

October 22, Pozirk. The International Monetary Fund (IMF) has revised its forecast for Belarus' economic growth in 2024, predicting a 3.6 percent increase in gross domestic product (GDP) this year and 2.3 percent in 2025. According to the IMF's fall …

Read the article