Republic of Belarus: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Belarus
IMF Staff Country Reports, December 18, 2017
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- Republic of Belarus: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Belarus
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Bibliographic details
- Published: December 18, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484333273.002
Economic recovery and drivers
- The Belarusian economy is recovering after two years of recession, helped by better policies, a more favorable external environment, and stronger domestic demand conditions.
- In 2017Q3, the economy grew by 1.7 percent year-on-year.
- Household consumption was boosted by strong wage growth and recovering investment.
External sector and current account
- The current account deficit has narrowed.
- Narrowing reflects growth in services exports, as well as recession and real exchange rate adjustment in 2015–16.
Medium-term outlook and constraints
- Medium-term growth is expected to be about 2 percent.
- Growth is constrained by:
- negative demographics,
- weak credit conditions,
- lagging competitiveness under the state-centric economic model.
Subject coverage and keywords (as listed)
- Subjects: Banking, Credit, Economic and financial statistics, Economic sectors, External debt, Government finance statistics, Labor, Money, Public enterprises
- Keywords: Baltics, Belarusian authorities, Belarusian economy, CR, Credit, deficit, Eastern Europe, economy, Global, government, Government finance statistics, headline inflation, IMF staff estimate, ISCR, near-term financing pressure, Public enterprises, recession
Content in this bundle
- Country Report