World Bank predicts growth of Belarus' economy by 2.1% in 2018

World Bank predicts growth of Belarus' economy by 2.1% in 2018

The World Bank forecasts growth of the Belarusian economy in 2018 at the level of 2.1%, and in 2019 and 2020 the republic can expect a growth of 2.4%.

World Bank experts have prepared Report on Prospects for the World Economy, in which they estimated the possible GDP growth of both countries and regions of the world. 

Experts believe that the 2018 will be the first year after the global financial crisis, in which the world economy will work "almost to its fullest" - the growth rate of the world economy will increase to 3.1%, although the potential is of concern to experts.

In Belarus, in 2018, the World Bank predicts economic growth of 2.1%. In 2019 and 2020, the economy of the country can achieve a growth of 2.4%.

Experts of the World Bank note that, despite the preliminary recovery of the country's economic growth in 2017, the growth rate will continue to be low. 

This is due to the persistence of structural shortcomings and deteriorating state of domestic demand.

In general, in Europe and Central Asia, economic growth will decline compared with 2017 and will be about 2.9%. The maximum growth for the region (6.3%) is forecasted for Turkmenistan, the minimum for Azerbaijan (0.9%).