• Macrocenter - Macroeconomic Research Center
  • 15/01/2021

The report of the Belarussian national statistics Committee  for  the first half of the year states that “the second evaluation of GDP for the first quarter of 2017 was carried out by three methods (the production one, the use of income,  the formation of GDP  by sources of income). As a result, in the first quarter of 2017, GDP in current prices was $ 22.5 billion BYN, or, in comparable prices –  100.4% compared to the first quarter of 2016”. Thus, formally, we can assume that the Belarusian economy is out of the recession.

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