Belarusian GDP is expected to return to growth in the second quarter. This is stated in the weekly review of the economies of EDB member states.
As a reminder, Belarusian GDP declined by 0.4% in January–March after falling by 1.2% in January–February.
“Economic activity is gradually recovering amid an expansion in retail trade, which grew by 6% year-on-year after previously growing by 1.6% year-on-year. Investment activity has also improved: the rate of decline in investment slowed to -3% year-on-year after -7.1% year-on-year, due to increased investment in equipment (+1.5% year-on-year). Agriculture (+2.6% year-on-year) continues to support the economy,” the EDB review says.
At the same time, industrial production continues to restrain GDP growth, with output declining by 3.4% over the first three months of the year.
“The continued high level of domestic demand and the recovery of construction create conditions for GDP to return to positive territory in the second quarter of 2026,” the EDB concludes.
