Illusions of power and stark realities: The second year of the economic crisis in Belarus

Abstract:

In 2016 the basic macroeconomic indicators of the Belarusian economy clearly proved that the Belarusian government failed to reverse the negative trends which occurred in 2015. The gap in the foreign trade balance grew, industrial production dwindled, foreign debt increased and the low foreign-exchange reserves continued. GDP fell for the second consecutive year and so it can already be stated that a long-term economic recession is setting in.

ESO: Background information: Belarus: A repressed economy (EPRS: At a Glance, March 2016) http://www.europeansources.info/record/belarus-a-repressed-economy/

---