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Economy. Risk. In brief. Ties between Belarus and Russia have strengthened since the latter's invasion of Ukraine, with Belarus acting as Russia's sole supporter in the war effort—an abandonment of the country's previous official policy of neutrality.
11 maj 2021 · Although the COVID-19 pandemic did trigger a recession in Belarus, the greatest blow to the country’s economy has been its deep political crisis. This was caused by the authorities rigging the results of the presidential election, which in turn provoked mass opposition from the citizens.
7 sie 2024 · Belarus' economy in 2024 saw 5.5% GDP growth in Q2, driven by investment, consumer demand, and Russia's performance. However, labor shortages, wage inflation, and external trade challenges persist, with inflationary pressures and economic overheating remaining key concerns.
26 cze 2019 · Belarus’ Government will need to raise its revenues and reduce its expenditures to narrow the country’s financial gap. At the World Bank, we recommend eliminating tax exemptions and reducing subsidies on district heating, while increasing the Housing and Utility Subsidy program so that heating bills are bearable for families.
29 kwi 2022 · As a consequence, 2022 will most likely see a profound recession in the Belarusian economy: the country’s GDP may shrink by as much as 6% or even 15%. A slump in exports. The 3.3%-decline in GDP recorded in March 2022 has marked the end of the positive growth trend present in the Belarusian economy since the beginning of 2021.
21 paź 2021 · The resulting political crisis has struck a society that is also struggling with the COVID-19 pandemic and an economic crisis, that, though linked to that pandemic, also reveals the limits of the statist and centralised model that Lukashenko has long promoted.
8 lis 2021 · The Belarusian economy, based on an ineffective command and distribution model, is no longer able to generate sustainable economic growth. The influence of negative factors, compounded by a deep political crisis and sanctions, is unlikely to be balanced by the activity of the dynamic and creative private sector, which is currently operating ...
