Belarusian GDP growth quickens to 2% in H1 - Belstat

MINSK. May 17 (Interfax) - Belarusian GDP grew 2% year-on-year in constant prices in January-June 2023 to 97.6 billion Belarusian rubles, national statistical committee Belstat said.

GDP grew 0.9% year-on-year in January-May after falling 0.6% in January-April, 2.1% in January-March, 3.6% in January-February and 5% in January.

The government is targeting GDP growth of 3.8% in 2023.

The Eurasian Development Bank expects the Belarusian economy to grow 2.2% in 2023, the World Bank says 0.6% and the International Monetary Fund 0.7%, while the European Bank for Reconstruction and Development thinks it will decline by 1%.

GDP fell 4.7% in 2022 after rising 2.3% in 2021.