Biełstat reports economic growth slowdown
October 17, Pozirk. Belarus’ gross domestic product rose 4.5 percent annually in January–September, the National Statistical Committee (Biełstat) said.
The economy grew by 5.5 percent in the first seven months and by 4.9 percent in January–August.
Biełstat also reported an increase of 6.4 percent in industrial output, 5.1 percent in agricultural production, 11.8 percent in retail sales and 2.6 percent in transportation..
Belarusians’ real disposable incomes rose 9.7 percent in January–August. Stockpiles of unsold industrial goods increased by 2.59 percent annually, as of October 1.
The International Monetary Fund expected Belarus’ economy to grow by 2.4 percent this year, and the World Bank projected a 1.2-percent increase.
The European Bank for Reconstruction and Development and the BEROC think tank predicted growth of 2.8 and 4 percent, respectively.
In 2023, Belarus’ economy grew by 3.9 percent after 4.7-percent contraction in 2022.
National Bank to keep average refinance rate below 9.3 percent in 2025
October 10, Pozirk. The National Bank of Belarus (NBB) plans to create monetary conditions that will contribute to meeting the inflation target for 2025, its board said in a policy paper. The regulator will continue to limit broad money supply …