Исследовательский Центр ИПМ
Kasrtyčnicki Ekanamičny Forum

Belarusian Monthly Economic Review, №7(130), July 2013

Negative environment in external markets hurt the national economy: exports of most of commodity groups reduced sharply, firms faced growing finished goods inventories. Adjustment of output to external demand led to fall in GDP: according to our estimates, in April and May it contracted by 0.5 and 3.7% yoy respectively. This predestined return of GDP to the phase of cyclical slowdown after a short recovery period.

Other topics of the issue:

  • Fall of gross value added.
  • New threats to macroeconomic stability.
  • Exports of capital goods to Russia decreased.
  • The government attracted new loans in foreign currency.
  • The NBB partially closed currency swaps with banks.

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