GDP

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.

Instead of growth there will be a fall

Another devaluation and loss of trust

Industrial production decreased by 3.1%.

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

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.