EBRD upgrades Belarus 2011 growth forecast

In comparison with the May forecast the European Bank for Reconstruction and Development has revised upward its outlook for the Belarusian economic growth from 3% to 5%, according to the EBRD’s July press release for 29 countries with economy in transition.

According to the EBRD assessment in July, inflation in the country will make up 35%, FDI will reach 3% of GDP. Belarus’ budget deficit is projected at 1.7% of GDP this year, at a time when the deficit of the current account of the foreign balance will hit 15.7% of GDP.

According to www.belta.by