Recovery Of Belarusian Economy Is Slowing Down, World Bank Reports

The recovery of the Belarusian economy is slowing down, according to the World Bank’s latest Economic Update for Belarus. This is due to low productivity growth and deteriorating external conditions The outlook for the medium-term remains weak, lower 2%, due to a combination of domestic structural rigidities and stagnating traditional markets for manufacturing and agricultural exports. Reasons and what to do? The World Bank notes that such a modest forecast for the GDP partially depends on the uncertainty about Russia’s tax maneuver. The tax maneuver implies a loss of export duties on oil products, which are currently credited to Belarus budget, as well as … Continue reading Recovery Of Belarusian Economy Is Slowing Down, World Bank Reports