Monitoring of Belarusian Economy
Belarusian Economic Outlook
Q4 2021 — Q1 2022
- External demand is the key driver for output decline
- Inflationary explosion and authorities neglecting it
- A sharp decline in physical volumes of foreign trade, but the balance remains positive
- Liquidity in foreign currency: it is smooth on paper only
- Change of fiscal policy priorities?
- Salary zugzwang