Unemployment in Belarus
Belarus - UnemploymentThe economy contracted at a softer annual pace in Q3 than in Q2 according to preliminary data. The slight improvement was driven by higher agricultural production and a smaller decrease in the manufacturing sector. However, domestic demand remained weak as indicated by soft retail sales, as protests likely dragged on domestic activity. In other news, political tensions have escalated in recent weeks after President Lukashenko ignored the opposition’s ultimatum asking him to step down by 26 October. As a result, the opposition called a general strike. While observance of the strike has so far been patchy, ongoing protests will likely dent sentiment and retail sales, and could impact industrial production—all of which bode ill for recovery in Q4.
Belarus - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Belarus Unemployment Chart
Source: National Statistical Committee of the Republic of Belarus (BELSTAT).
|Exchange Rate||2.10||-0.36 %||Dec 31|
|Stock Market||0.1||0.0 %||Jan 07|
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June 10, 2021
Consumer prices increased 0.55% in May over the previous month, slowing down from April's 0.74% increase.
May 17, 2021
Industrial output grew 16.4% in year-on-year terms in April, significantly up from March’s 11.0% increase, amid a favorable base effect.
May 12, 2021
Consumer prices rose 0.74% from the previous month in April, picking up from the 0.69% increase seen in March.
April 16, 2021
Industrial output increased 11.0% compared to the same month a year earlier in March, which was above February's 8.1% increase.
April 16, 2021
At an unscheduled meeting on 14 April, the National Bank of the Republic of Belarus decided to hike the refinancing rate by 75 basis points to 8.50%, to take effect from 21 April.