by
September 21 – September 27, 2015

GDP to continue to fall after completion of harvesting campaign in Belarus

The situation has not changed
GDP to continue to fall after completion of harvesting campaign in Belarus

In January-August 2015, GDP shrank by 3.5%, while in January-July – by 4%. The dynamics has improved thanks to the harvesting campaign, which was delayed compared with 2014. Until the end of the year, further economic slowdown should be expected due to falling incomes and deterioration in the wholesale trade, transport and industrial production. The state will continue to provide financial support to key industrial enterprises in order to preserve the employment rates (MAZ, MTZ, BelAZ, and Atlant). Demand for Belarusian produces on foreign markets is unlikely to increase due to a large share of Russia in trade turnover and preservation of sanctions against her. GDP may somewhat improve through the production of innovative products and focus on the EU market, however, unfavourable investment climate does not encourage new businesses to emerge at a good pace.

You have been successfully subscribed

Subscribe to our newsletter

Once a week, in coordination with a group of prominent Belarusian analysts, we provide analytical commentaries on the most topical and relevant issues, including the behind-the-scenes processes occurring in Belarus. These commentaries are available in Belarusian, Russian, and English.
EN
BE/RU
Subscribe

Situation in Belarus

March 18 – March 24
View all

Subscribe to us

Read more