Belarus economy down by 2.7 percent
The Belarus economy decreased by 2.7 percent in the first 11 months of 2016, the National Statistics Committee of Belarus said. The statistics committee said that the country’s industrial production fell by 0.9 percent compared with the same period a year ago. The official forecast of the Belarusian authorities for 2016, approved in December 2015, envisaged GDP growth at 0.3 percent. The Eurasian Development Bank said it expected a 2 percent slowdown in Belarus’ GDP in 2016, with a gradual recovery in growth in 2018 to 0.5 percent.