Fiscal Balance in Belarus
Belarus - Fiscal BalanceThe economy gathered some momentum in Q3 amid a robust rebound in exports, after it grew at the softest pace in over two years in Q2. Domestically, however, dynamics weakened as both private consumption and fixed investment eased markedly. Going forward, available data points to only modest growth in Q4: Although industrial production recovered in November, average growth for October–November was well below that of Q3. Moreover, retail sales growth waned for the eighth consecutive month in November, pointing to a further slowdown in household spending towards year-end. In other news, on 6 January, Russian and Belarusian officials reached an agreement to restart Russian crude oil supplies to Belarusian refineries after Moscow halted deliveries on 31 December over a contract dispute—averting a potential blow to the economy which depends on Russia for 80% of its energy needs.
Belarus - Fiscal Balance Data
|Fiscal Balance (% of GDP)||0.2||1.0||1.8||1.3||2.8|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||2.10||-0.36 %||Dec 31|
|Stock Market||0.1||0.0 %||Jan 07|
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December 30, 2019
According to a second release by Belarus’ Statistical Institute (Belstat), the economy expanded 1.4% year-on-year in the third quarter of 2019, up from Q2’s mild 0.5% increase, which had marked the softest expansion in over two years.
December 17, 2019
Industrial production rose 1.7% on an annual basis in November, rebounding from the 0.3% slip logged in October.
December 12, 2019
Consumer prices rose 0.2% over the previous month in November, following October’s 0.5% increase.
November 18, 2019
Industrial production fell 0.3% on an annual basis in October, contrasting a 0.7% year-on-year rise in September.
November 11, 2019
Consumer prices increased 0.5% over the previous month in October, matching September’s reading.