IMF downgrades Belarus’ GDP forecast for 2019 from 3.1% to 1.8%

11.04.2019 11:52 / Belarus

MINSK - The International Monetary Fund (IMF) has downgraded its forecast for Belarus’ economic growth in 2019 to 1.8% from 3.1%.

The IMF released these figures in the April 2019 edition of the World Economic Outlook.

The April forecast says Belarus’ GDP will be likely to grow by 2.2% in 2020 and 2% in 2024.

IMF analysts say Belarus’ inflation is expected at 5% in 2019 and just as much in 2020.

Belarus’ GDP expanded by 0.8% year-on-year in Jan-Feb 2019, according to official statistical reports. Since early 2019 inflation grew 2.2%, while consumer prices grew by 6.2% year-on-year in Feb 2019. The government’s official forecast for GDP growth in 2019 stands at 4%, inflation – 5% at most.

Source: PrimePress

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