EBRD: Belarusian Economy Will Shrink More Than Expected

• 10.05.2022, 11:34

The European Bank for Reconstruction and Development made the forecast even worther.

The European Bank for Reconstruction and Development believes the economy of Belarus will shrink by 4% this year. Compared to March, the bank worsened its forecast by one percent, according to Deutsche Welle.

According to the EBRD, the Russian economy will fall by 10% due to sanctions.

Ukraine will suffer the most this year: the EBRD predicts a contraction of the economy by almost 30% - compared to March, the forecast significantly deteriorated.

At the same time, bank analysts believe that growth by 25% is expected next year.