The volume of Belarus GDP in January-March 2023 amounted to 46.5 billion Belarusian rubles, which at comparable prices is 2.1 percent less than in January-March 2022.
According to Interfax with reference to the National Statistical Committee of Belarus (Belstat), the GDP index-deflator in January-March was 109.4 percent.
According to the results of January -February, the reduction in GDP was 3.6 percent, in January – 5 percent.
According to Belstat, the volume of industrial production in the first quarter increased by 1.8 percent (to 44.2 billion of Belarusian rubles) after a decrease by 1.8 percent in January-February.
The increase in agricultural production in January-March amounted to 3 percent (up to 4.58 billion of Belarusian rubles) after an increase of 2.9 percent in January-February.
According to the results of the first quarter, the dynamics of wholesale trade also significantly improved: a decrease in its volumes slowed to 5.6 percent from 13.3 percent in January-February.
According to the EABR, a tendency to restore economic activity is growing in Belarus. “The restraining influence on the growth of the economy continues to have a weak dynamics in construction, transport and IT sector. In the coming months, we expect an acceleration of economic growth in Belarus,” the banking countries participating in the Bank’s expressive surveillance of the economies of the Bank.
said on Monday.
in 2023, the Belarusian authorities approved the target forecast with GDP growth by 3.8 percent.
The EBR expects the growth of the Belarusian economy in 2023 by 0.3 percent, the World Bank is 0.6 percent, the IMF – by 0.7 percent, the EBRD predicts a decrease by 1 percent.
In 2022, the GDP of Belarus fell 4.7 percent after growth by 2.3 percent in 2021.