Belarus Economic Outlook
September 4, 2018Growth momentum seemingly held up in recent months, largely on the back of a buoyant industrial sector amid solid domestic and external demand. Despite lackluster economic conditions in Russia—Belarus’s main trading partner—exports accelerated in June, with momentum likely carrying over into July on booming demand from non-CIS countries and the EU. Meanwhile, inflation remained at an all-time low in July and, coupled with high wage growth, likely buoyed private consumption in the month. Meanwhile, in the political arena, President Alexander Lukashenko reshuffled the government on 18 August, sacking the prime minister and other top ministers, following recent corruption scandals. The move, which included naming free-market advocate Sergei Rumas as the new prime minister, was seen by some analysts as a strategic step in preparation for the 2020 elections.
Belarus Economic GrowthThe economy is expected to lose some steam in the second half of the year, largely due to a high base effect and the spillover effect from economic sanctions imposed by Western governments on Russia. Nevertheless, growth should remain solid and will be bolstered by higher private consumption against the backdrop of lower inflation and favorable labor market dynamics. Met the why particular panelists see the economy expanding 3.3% in 2018, which is unchanged from last month’s forecast, and 2.9% in 2019.
Belarus Economy Data
5 years of Belarus economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Exchange Rate||2.08||-0.36 %||Sep 24|
|Stock Market||0.1||0.0 %||Sep 24|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Belarus Economic News
Belarus: Belarusian ruble drops amid emerging markets selloff and further liberalization of exchange rate regime
September 3, 2018
The Belarusian ruble came under significant pressure in August, falling to the lowest level seen in over two years at the end of the month.
August 16, 2018
Industrial production growth accelerated slightly in July, as output increased 5.7% year-on-year, up from a five-month low of 5.3% in June.
August 11, 2018
Consumer prices fell 0.2% over the previous month in July, contrasting the 0.4% rise recorded in June.
July 18, 2018
While the economy lost some steam in the second quarter, the expansion in the first half of the year was nonetheless solid.
July 16, 2018
Industrial production growth slowed to 5.3% in annual terms in June, a five-month low, from the 6.3% figure recorded in May.