Be­larus econ­omy down by 2.7 per­cent

China Daily (Hong Kong) - - BUSINESS -

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.

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