IMF upgrades Belarus’ economic outlook

The International Monetary Fund (IMF) has upgraded Belarus’ economic growth forecast, BelTA learned from the IMF’s latest review.

The IMF projects Belarus’ GDP to grow by 3.6% in 2024 and 2.3% in 2025. Earlier the bank provided lower expectations for growth – 2.4% and 1.1% respectively.

Earlier, the World Bank and the European Bank for Reconstruction and Development also upgraded their economic outlooks for Belarus.

According to the National Statistics Committee of Belarus, in January-September 2024 Belarus’ GDP expanded by 4.5%, with the annual target at 3.8%. For now the economy is growing at a rate well above the projected one. In 2025 Belarus’ GDP is supposed to rise by 4.1%.