Off the wire
• 20 migrants feared dead, nearly 500 rescued in Mediterranean: UNHCR  • Lebanon central bank foils cyber attack on its email system  • Urgent: U.S. charter bus carrying 26 kids overturns near Baltimore, many injured  • Iran woos foreign firms to develop railway projects  • Pollution from diesel vehicles worldwide underestimated by 50 percent: study  • No indication of second surge of cyber attacks in UK: official  • Cyprus says no WannaCry cyber-attacks after 1st working day  • U.S. dollar declines against most major currencies  • Oil prices keep rising on production cut optimism  • UNHCR struggling to meet needed funds for refugees in Ethiopia  
You are here: 　 Home

World Bank says Belarus economy to shrink 0.4 pct in 2017

Xinhua, May 15, 2017 Adjust font size:

The World Bank has predicted a 0.4 percent GDP decline in Belarus in 2017, the economist of the Belarusian office of the World Bank Kirill Haiduk told reporters here on Monday.

The economist explained the projected decline by the existing structural shortcomings and shrinking domestic demand.

According to the World Bank, the financial support from the Russian government will have only a temporary impact on the solution of internal and external imbalances.

The World Bank expects a weak recovery in economic growth in 2018-2019. The Belarusian economy can grow by 0.7 percent in 2018, the forecast for 2019 is plus 1.2 percent, Haiduk said.

In 2016, Belarus' GDP decreased by 2.6 percent. Endit