IMF downgrades Belarus economy forecast
![МВФ пагоршыў прагноз для беларускай эканомікі](/sites/default/files/styles/gallery_main/public/2023-08/mvf-1404.jpg.webp?itok=EDl4gMEY)
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.