Belarus Economic Outlook
May 8, 2018The economy started the year on firm footing, with GDP expanding a robust 5.1% year-on-year in the first quarter, outpacing analysts’ forecasts and marking the strongest increase in more than six years. Growth was driven by the external sector, which saw exports soar nearly a third in the first two months of the year, a trend that likely persisted in March. Strong external demand fueled a robust increase in industrial production, while healthy domestic demand sent wholesale and retail trade higher. Further buttressing domestic demand was a tightening of the labor market and relatively moderate inflationary pressures, which likely boosted private consumption in Q1. Meanwhile, S&P Global Ratings affirmed the country’s B rating on 9 April, citing the positive effect of tighter fiscal policy and the expected improvement of the country’s external imbalances. Nevertheless, the reversal of economic and political support from Russia continues to constitute a major risk to country’s long-term growth prospects, according to S&P.
Belarus Economic GrowthRobust domestic demand and a strong external sector are expected to buttress economic activity this year. Household consumption growth is set to benefit from an accommodative monetary environment, while healthy demand from CIS countries, particularly Russia, and the EU should fuel export growth. Met the why particular panelists see the economy expanding 2.5% in 2018, which is unchanged from last month’s forecast, and 2.3% in 2019.
Belarus Economy Data
5 years of Belarus economic forecasts for more than 30 economic indicators.
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|Exchange Rate||2.00||-0.36 %||May 21|
|Stock Market||0.1||0.0 %||May 21|
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Belarus Economic News
May 16, 2018
Industrial production growth moderated further in April, falling from 7.6% in March to 7.0% at the beginning of the second quarter.
May 11, 2018
Consumer prices rose 0.3% over the previous month in April, notably down from the 0.8% increase recorded in March.
April 18, 2018
Industrial production growth eased from February’s multi-year high of 11.9% year-on-year to a more moderate 7.6% in March.
April 18, 2018
The economy continued to gain momentum in the first quarter of this year, with growth accelerating for the fourth consecutive quarter.
April 12, 2018
Consumer prices increased 0.8% over the previous month in March, marginally down from February’s 0.9% month-on-month increase.