Belarus Comes As Outsider With Regard To Economic Growth Among EAEU States

• 12.04.2017, 15:42

Analysts also noted a weak investment activity in the Belarusian economy.

The Eurasian Development Bank published a monthly report, comparing the economic situation in Belarus, Russia, Armenia, Kazakhstan, and Kyrgyzstan, "Solidarity" writes.

According to the experts, the economic stabilization was observed in February 2017 in nearly all these countries. Herein, some of them have shown a fairly steady growth: for example, Armenia's GDP during this period increased by 6%, and Kyrgyzstan’s – by 5,4%.

The Russian indices were modest: after the January growth, the Russian economy showed a decline of -2,7%.

However, the most depressing statistics was once again recorded in Belarus, where the GDP accelerated its fall from -0.5% to -1%. At the same time, the annual industrial output growth slowed to 0,3% in February.

In addition, the analysts have noticed a weak investment activity in the Belarusian economy. In their opinion, it demonstrates the continuing weak financial condition of the enterprises.

On the positive side, the EDB experts have noted, there was "lower inflation and a positive trend in the foreign exchange and deposit markets", which in the future will help the Belarusian banks to grant loans on more favorable conditions for business.