Country Economic Forecasts - Belarus
Description
Country Economic Forecasts - Belarus
A widening external surplus and strong export prices will sustain the recovery this year and ensure steady growth to 2025, enabling the government to narrow its budget deficit and keep servicing and reducing foreign debt. Fiscal stimulus will still be available to counter any downturns. But GDP growth slowdown in 2022 to about 1.4% and a medium-term trend of 2% or less, plus above-target inflation, may expose the economy’s structural constraints. These could worsen if deepening ties with Russia trigger additional trade sanctions, despite the sharp revival of trade with the EU under existing curbs in 2021.
A widening external surplus and strong export prices will sustain the recovery this year and ensure steady growth to 2025, enabling the government to narrow its budget deficit and keep servicing and reducing foreign debt. Fiscal stimulus will still be available to counter any downturns. But GDP growth slowdown in 2022 to about 1.4% and a medium-term trend of 2% or less, plus above-target inflation, may expose the economy’s structural constraints. These could worsen if deepening ties with Russia trigger additional trade sanctions, despite the sharp revival of trade with the EU under existing curbs in 2021.
Table of Contents
8 Pages
- Belarus: The following represents a general Table of Contents outline for the Country Economic Forecast.
- The actual report may cover any or all of the topics listed below.
- Highlights and Key Issues
- four/five paragraphs of analysis covering the main economic and political issues contained in the subsequent Economic Overview
- Forecast Table showing % changes for the country
- with 2 years of historical data and 4 years of forecast data for the following:
- Domestic demand
- Private consumption
- Fixed investment
- Stockbuilding (% of GDP)
- Government consumption
- Exports of goods and services
- Imports of goods and services
- Unemployment
- Consumer prices
- Current account balance (US$ and % of GDP)
- Government budget (% of GDP)
- Short-term interest rates (%)
- Long-term interest rates (%)
- Exchange rate (vs. US dollar)
- Exchange rate (vs. euro)
- Economic Overview
- two pages of events-driven analysis highlighting the most recent economic activity and, where relevant, political developments of the country, detailing significant changes to Oxford Economics' forecasts
- Charts and Tables
- covering a full range of economic developments relevant to the time period covered.
- These could include such topics as:
- Contributions to GDP growth
- Monthly industrial output
- Business and consumer confidence
- Unemployment rate
- Retail sales
- Prices and earnings
- Consumption and investment
- Government balance and debt
- GDP and industrial production
- Monetary policy and bond yields
- Background Information on the country
- One or two pages of text covering the main historical political and economic factors that determine the country's current position
- Key Facts on the country
- Map of the country
- Key political facts
- Long-term economic and social development
- changes since 1980
- Structure of GDP by output
- latest year
- Long-term sovereign credit ratings and outlook
- Corruption perceptions index- latest year
- Structural economic indicators
- changes since 1990
- Destination of goods' exports -prior years
- latest year
- Composition of goods & services exports
- latest year
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