Republic of Belarus : Staff Report for the 2015 Article IV Consultation

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

May 29, 2015

Electronic Access:

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Summary:

This 2015 Article IV Consultation highlights that Belarus continues to be highly vulnerable to economic shocks, as was illustrated by the turbulence in foreign exchange and debt markets in late 2014. Frequent bouts of expansionary macroeconomic policies, in a context of deep structural rigidities, have fueled inflation and external imbalances and left Belarus dependent on ad hoc external support. In 2015, growth has slowed sharply as high uncertainty, reductions in real incomes, administrative measures, and declining trade with Russia weighed on activity. The outlook is for a recession and continued external pressures. With Russia in a downturn, the Belarusian economy is projected to contract by 2.25 percent in 2015, led by falling exports.

Series:

Country Report No. 15/136

Subject:

Notes:

Also Available in Russian

English

Publication Date:

May 29, 2015

ISBN/ISSN:

9781513579863/1934-7685

Stock No:

1BLREA2015001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

62

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