The revival of the Russian economy has spilled over to carry Belarus’s economy forward this year faster than expectations at the start of the year.
The first mass-produced Belarusian cars rolled off the assembly line at the new Chinese-based BelGee car plant on November 17.
Inflation in Belarus stood at 1.2% month-on-month (5.3% year-on-year) in October, following a 0.3% m/m growth (4.9% y/y) in September, the national statistics agency Belstat reported on November 9.
The EBRD has upgraded its growth forecast for Belarus' 2017 GDP to 1.5% from 0.5% predicted in May
EBRD markedly hikes its forecasts for economic growth in Emerging Europe after assessing the arrival of expansion that is so strong that it is already running up against structural constraints.
The regulator is not intending to reduce the refinancing rate next year and estimates that inflation will be about 6% in 2018