BMI View: BMI forecasts that food and drink sales will remain on an upward trend in Belarus althoughhigh inflation levels continue to distort growth rates. Budget lines are likely to dominate sales for priceconscious consumers. The Belarus food and drink market is likely to remain one of the smallest in theregion.
Latest Updates And Industry Developments
Robust Q217 economic growth data in Russia has led up to revise upwards our real GDP forecast forBelarus, and we now expect the economy to expand by 1.0% in 2017 and 1.5% in 2018, whereas we hadpreviously forecasted growth of 0.1% and 1.4% respectively. However, private consumption is likely tobe hampered by still elevated rates of inflation, which is eating into real wage growth.