EDB: political developments negatively impacted rate of economic growth in Belarus

29 March 2021

EDB analysts are also convinced that the political crisis in the country has also damaged the investment activities. According to the website of the Eurasian Development Bank, it forecasts a modest growth for the Belarusian economy in 2021 at a rate of 0.4%, and expects it to accelerate to 1.2% in 2022. “We are watching Belarus with reserve, considering that last year its potential growth dropped dramatically due to its commonly known political events and also because its IT sector had stopped growing and even started to shrink”. We observe basically zero growth this year in Belarus, and next year - just over 1%,” - stated Chief Economist of EDB and EFSD Evgeny Vinokurov.

Источник: Diary (IA, RB)