International institutions predict economic slowdown for Belarus

The International Monetary Fund (IMF) and the Eurasian Development Bank (EDB) predict a slowdown in economic growth in Belarus.

In its forecast updated on October 15, the IMF has a new forecast of the GDP growth in Belarus in 2020 — it is down to 0.3% from 2.2% . Compared to the April review, the assessment of the Belarusian economy growth in 2019 has also been reduced — from 1.8% to 1.5%.

And the EDB, in its monthly review of the EEU countries’ economies, predicts a slowdown in GDP growth in Belarus to 1.2% in 2019.

In 2018, the GDP of Belarus grew by 3%. The government of Belarus expects economic growth at the level of 4% in the target macro forecast for 2019, while the country’s budget is formed on the basis of economic growth at the level of 2.1%.

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