Belarusian economy shrank 3.9 pct in 2015
Xinhua, January 19, 2016 Adjust font size:
The Belarusian economy fell 3.9 percent in 2015 from the previous year, National Statistics Committee said on Monday.
In 2015, industrial output was down by 6.6 percent from a year earlier. Stocks of unsold products at the end of the year accounted for 68.7 percent of the average monthly industrial production.
Capital investments dropped 15.2 percent from 2014. A total of 5 million square meters of housing was commissioned in 2015, down 8.4 percent from 2014.
Authorities projected a minimum growth of 0.3 percent in 2016. However, international financial institutions forecast a contraction of 0.5-1 percent in GDP given the struggling economy of Russia, the country's main trading partner. Endit