World Bank Improves Belarus Economic Growth Forecast for 2024-2025
The World Bank has improved its forecast for Belarus' gross domestic product growth in 2024-2025.
According to the World Bank forecasts, the Belarusian economy will grow by 4% this year.
This was reported by BELTA , citing the World Bank report on the economy of the Europe and Central Asia region.
How the World Bank Improved the Forecast for Belarus' GDP Growth
According to the World Bank forecasts, the country's economy will grow by 4% this year and by 1.2% next year.
In June of this year, the World Bank made much more modest forecasts – 1.2% and 0.7%, respectively.
As reported by the National Statistical Committee of Belarus, over the first nine months of this year the country’s economy grew by 4.5%.
The target for GDP growth for the year is 3.8%, so the growth rate is much higher than forecast. The target for economic growth for next year is 4.1%.
