Belarus's economic growth amounted to 1.9% in January–August after 2.1% in January–July, and in the absence of new shocks it may exceed the forecast. This is reported by BelTA with reference to the weekly macro review of the Eurasian Development Bank (EDB).
The slowdown is due to the alignment of grain harvesting dates: the expansion of agricultural production slowed to 6.5% after 12.9%, as well as to the cooling of activity in industry and construction.
The economy is supported by consumer demand. Retail trade turnover grew by 8.4% after 8.1%, facilitated by an increase in real cash incomes of 8.1% in January–July.
"In the absence of new shocks, Belarus's economic growth may exceed our forecast and amount to more than 2% by the end of 2026," the EDB noted.