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Dmitry Chervyakov, Robert Kirchner

Against the tide: No economic recovery in sight

Last year, the entire global economy was dominated by a single issue – the COVID-19 pandemic. With a GDP decline of 0.9%, Belarus made it through the crisis relatively unscratched. This can be explained primarily by the almost complete absence of local lockdown measures.

  • Belarus
NL 68 | January - February 2021
Macroeconomic Analyses and Forecasting

In the wake of the ongoing political crisis following the presidential elections, financial risks and economic uncertainty have increased significantly. These factors will have a significant negative impact on economic development this year. Thus, while the global economy is slowly leaving the COVID-19 pandemic behind and expands again, the economic crisis in Belarus is likely to worsen.

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