Belarus economy down 2.7 percent in 11 monthsStaff Writer | December 19, 2016
The economy of Belarus decreased by 2.7 percent in the first 11 months of 2016, the National Statistics Committee of Belarus said.
Europe The National Statistics Committee:
The official forecast of the Belarusian authorities for 2016, approved in December 2015, envisaged the GDP growth at 0.3 percent.
Eurasian Development Bank expects a 2 percent slowdown in Belarus' GDP in 2016, with a gradual recovery in growth in 2018 to 0.5 percent.
The IMF predicts a 3 percent decline in 2016, and 0.5 percent in 2017. ■