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Fitch Ratings predicts Belarusian economy to grow by 1.0% in 2018

Companies and Markets
17:40 | 24.05.2017 | Business-News

It is expected the Belarusian economy to grow by 1.0% in 2018. BELTA has learned it from the Regional Head of Russia/CIS and Black Sea Region Dmitry Surkov.

 

"The Belarusian economy is experiencing the period of increased volatility. Maybe, 2018 will become a growth year for the economy of the country," Dmitry Surkov expects.

 

He reminds that the Belarusian government is implementing important initiatives aimed at stabilizing and developing the economic situation. They include the program of development and diversification of foreign economic relations, the search for additional sources of finance for the economy, and the creation of a legal framework in order to develop and improve the business environment. Mr. Surkov brings to notice that the ambient background continues changeling and that a range of shocks remains. "Besides, there are still some structural misbalances on which the government is actively working," the Regional Head of Fitch Ratings states.

 

Recall that the agency affirmed Belarus's Long-Term Ratings at 'B-' with a Stable Outlook in February 2017.

 

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