EFSD raises Belarus’ economic development forecast for 2026

The Eurasian Fund for Stabilization and Development has published a new regional review containing forecasts for economic growth, inflation and other macroeconomic indicators of Belarus for 2026-2029. Belta writes about it.

The press service of the EFSD indicated that the economy of Belarus will grow by 2% in 2026. The estimate of GDP growth was increased by 0.7 percentage points (in the summer review, the Fund predicted growth of 1.3%).

- The main factors of growth will be the recovery of investment activity, high consumer demand and an improvement in the economic situation, the fund said.

Recall that the GDP target for 2026 is 2.8%.

The EFSD also predicts that in the medium term the Belarusian economy will grow at a pace close to equilibrium. In 2027, growth is expected by 1.2 percent, in 2028 - by 1.1 percent, and in 2029 - by 1.3 percent. At the same time, as reported, Belarus has set a target for 2027 in the amount of 1.9% of GDP growth.

According to EFSD estimates, inflation in Belarus by the end of 2026 will be 5.2 percent, which is significantly lower than the limit set for the year of 7 percent. In 2027, it is projected to accelerate to 6.4% (target of 6%). By 2029, the fund predicts inflation is expected at 5.2 percent.