Public Debt in Belarus
Belarus - Public DebtGDP growth fell to a three-year low in 2019, against the backdrop of a challenging external environment, while available data points to a marked downturn at the outset of this year. In January, economic activity contracted for the first time in nearly three years, as industrial output shrank at the sharpest rate in over four years amid faltering manufacturing and mining activity. Moreover, growth momentum in both the agricultural and retail sectors softened slightly in the opening month of the year. The downturn likely carried over into February–March as the global coronavirus outbreak bodes ill for the country’s external sector. In other news, Russia rejected Belarus’s pleas to provide it with cheaper oil supplies, likely using it as leverage to pressurize Belarus to join a full-blown political union.
Belarus - Public Debt Data
|Public Debt (% of GDP)||32.9||46.9||47.2||47.2||45.4|
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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March 17, 2020
Industrial production fell 0.8% on an annual basis in February, following a marked 5.8% dip in the opening month of the year, which had marked the sharpest contraction since November 2015.
March 10, 2020
Consumer prices rose 1.0% over the previous month in February, largely in line with January’s 0.9% increase but marking the strongest rise since February 2019.
February 18, 2020
Industrial production fell 5.8% on an annual basis in January, swinging from the previous month’s 4.3% expansion and marking the sharpest contraction since November 2015 amid a broad-based downturn.
February 12, 2020
At its 12 February meeting, the National Bank of the Republic of Belarus (NBRB) trimmed the refinancing rate by 25 basis points to an all-time low of 8.75%.
February 10, 2020
Consumer prices rose 0.9% over the previous month in January, accelerating slightly from December’s 0.5% uptick and marking the strongest increase in nearly a year.