Belarus Economic Outlook
October 4, 2016Belarus’ economy remained firmly entrenched in recession in Q2 and contracted 1.4% over the same period last year (Q1: -3.7% year-on-year). The pace of contraction has been easing recently but high-frequency indicators suggest that weakness still persisted in Q3: industrial production and retail sales both shrank in July and August. In the political arena, legislative elections held on 11 September confirmed supporters of President Alexander Lukashenko as the leading parliamentary force with 108 of 110 seats. However, the fact that two representatives of the opposition secured seats for the first time since 2004 is interpreted by analysts as a sign that the government is seeking a better relationship with the West.
Belarus Economy Data
5 years of Belarus economic forecasts for more than 30 economic indicators.
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|Exchange Rate||19,013||-0.46 %||Oct 20|
Belarus Economic Growth
October 4, 2016Belarus is set for another contraction this year, due to persistent structural weaknesses—including the dominance of inefficient state-owned enterprises and macro-financial vulnerabilities—and a difficult external environment. FocusEconomics Consensus Forecast panelists forecast that GDP will decline 1.9% in 2016, which is down 0.1 percentage points from last month’s forecast. For 2017, the panel projects that the economy will return to growth and record a moderate 0.8% expansion.
Belarus Economic News
October 10, 2016
In September, consumer prices rose 0.7% from the previous month, which contrasted August’s 0.2% decrease and marked the highest reading in five months.
September 30, 2016
In Q2, GDP decreased 1.4% over the same quarter last year (Q1: -3.7% year-on-year), according to data released by the National Statistical Committee (Belstat) on 30 September.
September 16, 2016
In August, industrial production contracted 0.4% over the same month last year, easing from July’s more pronounced 4.4% decline.
September 9, 2016
In August, consumer prices fell 0.2% over the previous month, which contrasted July’s 0.4% increase and marked the lowest reading since August 2009.
August 20, 2016
In July, industrial production contracted to a six-month low of 4.4% over the same month last year, deteriorating over June’s softer 0.1% drop.