IMF downgrades Belarus economy forecast

МВФ пагоршыў прагноз для беларускай эканомікі

The International Monetary Fund has worsened its forecast of the Belarusian GPD evolution.

 

The Belarusian GDP is expected to decrease by 2.7% in 2016, the IMF announced in its April report World Economic Outlook Update.  IMF expected the Belarusian GDP to decrease by 2.2% in October 2015.

The inflation rate forecast has also changed. It is expected to reach 14.5% instead of 12.3%, BelaPAN reports.

The unemployment rate will reach 2%, the IMF predicts. It will increase to 2.5% in 2017. By the way, the index totalled 1% in 2015.

 

The official Belarusian authorities predict the GDP to increase by 0.3% in 2016. However, the index went down by 4% in January and February 2016, Belstat reports.