Belarusian GDP growth quickens to 2.9% in 7M - Belstat

MINSK. Aug 17 (Interfax) - Belarusian GDP grew 2.9% year-on-year at constant prices in January-July 2023 to 117.2 billion Belarusian rubles, national statistical committee Belstat said.

GDP grew 25 year-on-year in H1 2023 and 0.9% 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.