эканоміка Беларусі

The drop in GDP is forecast at 2.8%, according to the World Bank website. Among the reasons for the fall, they cite the impact of sanctions imposed by Western countries.

FX reserves down 15.8%

Industrial production decreased by 3.1%.

Inflation in Belarus will jump to 11.3% in 2020 from 4.7% in 2019.

The bank believes that Belarus does not introduce quarantine due to adverse economic conditions.

GDP has declined due to problems with petrochemicals and production of potash fertilizers.

Minsk has contacted the US Department of Commerce woth a request to revoke the status of a non-market economy, the Belarusian Economy Ministry reports.

State institutions in Belarus are developing more slowly than in other Eastern and Central European countries. This conclusion was made by experts of the European Bank for Reconstruction and Development in the report “Better governance – better economics”.

According to the National Statistics Committee, Belarus’ GDP grew by 1.2% in 2019. In the forecast of socio-economic development for 2019, approved by Alyaksandr Lukashenka, it was expected to achieve 4% growth.