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Belarus economy 2.8% down in January-October

Xinhua, November 16, 2016 Adjust font size:

Belarusian gross domestic product dropped by 2.8 percent in January-October 2016 in comparison with the same period last year, Belarusian Prime Minister Andrei Kobyakov said on Tuesday.

Speaking at a meeting of the Council of Ministers, the Prime Minister said that "civil engineering, retail, and processing industry are still the primary factors that influence the overall result ".

In 2015 Belarus' GDP fell by 3.9 percent after rising 1.6 percent in 2014.

The IMF suggests that the country's GDP will decline by 3 percent in 2016. Endit