EDB expects Belarusian GDP to shrink by 4.6 percent in 2022
December 13, BPN. The Belarusian economy will contract by 4.6 percent in 2022, the Eurasian Development Bank (EDB) said in its recent macroeconomic report covering its six member states.
Russia’s GDP decline is not likely to exceed three percent, while Kazakhstan will maintain strong economic growth, EDB analysts said. Business activities in Armenia, Kyrgyzstan, and Tajikistan are thriving amid the inflow of labor and financial resources, they added.
The EDB member states’ economies demonstrate a fairly high degree of resilience and adaptability to external economic shocks, the report stressed.
The Russian and Belarusian economies are likely to remain L-shaped in 2023-2024, which means a slow, gradual recovery will follow a significant decline, the EDB noted.
The readjustment of supply chains, persisting infrastructure constraints, a possible weakening of government incentives, and restrictions on technological imports may have long-lasting negative effects, the analysts warned.
The Belarusian economy might start recovering in 2023 with growth of 0.3 percent, while Russia is not expected to recover until 2024, the report noted.
The EDB expects a GDP increase of 3.7 percent in Kyrgyzstan, 4.2 percent in Armenia and Kazakhstan, and 6.5 percent in Tajikistan.
In January-October 2022, Belarusian GDP fell by 4.7 percent, despite a projected 2.9 percent growth. In November, the authorities projected growth of 3.8 percent for 2023.
- SecurityVietnamese military delegation led by army ideology chief arrives in BelarusThe material is available only to POZIRK+
- Economy, Politics, SecurityEU envoys agree to prolong Ukraine‑related sanctions against Belarus by three years, report saysThe material is available only to POZIRK+
- PoliticsŁukašenka heaps praise on Russia’s State Duma electionsThe material is available only to POZIRK+
- PoliticsBelarusian foreign minister leaves for New York to participate in UN eventsThe material is available only to POZIRK+
- Economy, Politics
- EconomyBelarusian companies’ CapEx rise by 11.5 percent in first eight monthsThe material is available only to POZIRK+
- SocietyThree Belarusians face trial over alleged irregular migration facilitationThe material is available only to POZIRK+
- Economy
- Economy, Politics
- PoliticsŁukašenka stresses “friendly ties” with Armenians amid tensions with YerevanThe material is available only to POZIRK+
- SocietyConstitutional Court receives over 260 appeals since 2023 – chairmanThe material is available only to POZIRK+
- EconomyEDB links Belarus’ economic slowdown to weaker agricultural outputThe material is available only to POZIRK+
- Economy, Politics
- SocietyBySol raises nearly €37,000 for recently freed dissidentsThe material is available only to POZIRK+
- PoliticsOpposition politician Viačorka looking forward to establishment of Belarus-Ukraine coordinating groupThe material is available only to POZIRK+
- PoliticsCichanoŭskaja leaves for New York to take part in UN eventsThe material is available only to POZIRK+
- Security, SocietyParticipants at Belarusian-Ukrainian forum in Kyiv vow to investigate transfers of Ukrainian children to BelarusThe material is available only to POZIRK+
- Politics, SecurityUkraine will probably deal with Belarus-based relay systems for Russian drone attacks in non-public way, envoy saysThe material is available only to POZIRK+
- Economy, PoliticsCichanoŭskaja welcomes new US sanctions against RussiaThe material is available only to POZIRK+
- PoliticsTen of 25 deported political prisoners move from Lithuania to PolandThe material is available only to POZIRK+



