To the list of articles05 july 2013
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.
The bulletin is available under subscription. Furthermore, it can be purchased online at Corporate Reports.