cyclical downturn
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Causes and characteristics of the economic downturn in Belarus: the role of structural factors
This paper analyses the production downturn that started in Belarus in 2015. The paper shows that the economic recession is the result not only of cyclical fluctuations, but also the structural compression. Moreover, the structural component of the recession in 2016 began to dominate.
BEROC. Belarusian economic research and outreach center -
Macroeconomic dynamics of Belarus in 2014: currency stress in the background of stagnation
Weak potential growth has sustained as the key challenge for Belarusian economy. In 2014, there has not been any substantial progress in this field, although the government declared a start in a preparatory stage for structural reforms.
BEROC. Belarusian economic research and outreach center