IMF: What Will Happen To Belarus’ Economy After Pandemic Is Over

A global recession awaits the world in 2020, and Belarus will outrun the global average rate, as well as face a serious increase in unemployment. The latest issue of the World Economic Outlook by IMF experts reads. The year-end GDP growth in Belarus amounted to 1,2%, and the projection for 2020 was minus 6% (the previous one was an increase of 0,3%). Partial recovery, according to experts, will start in 2021 with an increase of about 3,5%. Inflation in 2020-2021 is projected at 5,6% (the previous forecast was 4,8%). The unemployment rate will increase from 0,3% to 2,3% and 1,8%, … Continue reading IMF: What Will Happen To Belarus’ Economy After Pandemic Is Over