Belarus expects GDP growth to accelerate in Q3 2019

The Belarusian Economy Ministry expects the country’s GDP growth to get faster starting Q3 2019. The relevant statement was made at the conference on Belarus’ macroeconomic situation and the banking sector. According to the Economy Ministry, the key factors contributing to faster growth will be restored positive dynamics in agriculture and redistribution of oil deliveries. The Economy Ministry also believes that the macroeconomic situation in Russia will get better. Speaking about the GDP growth rate dropping to 101% in January-May 2019, experts explained the slowdown had been caused by external factors – trade wars all over the world, slower economy growth in Russia, and deliveries of polluted Russian oil to Belarus. In accordance with the social and economic development guidelines Belarus’ GDP growth is supposed to reach 4% in 2019.