We've raised our GDP growth forecasts for Belarus, by 1.4ppts to 3.6% y/y for 2024 and by 0.5ppts to 2.0% y/y for 2025. Our revisions reflect an upside surprise in domestic demand and increased exports. Strong momentum in private consumption, owing to rising incomes, supported GDP growth this year. But we expect this trend will moderate over the medium term as political risks weigh on the economy.
Please Note: Due to the brevity and/or nature of the content posted, there is no table of contents available for this report.