MINSK, June 8 (Xinhua) -- The Eurasian Development Bank (EDB) improved the outlook for the growth of the Belarusian economy in 2018 and increased its forecast from 2.6 percent to 3.7 percent, bank's quarterly Macroeconomic Review said Friday.
The EDB forecasts Belarus' GDP growth at 3.7 percent in 2018, which is 1.1 percent higher than the previous forecast, it said.
The bank links the increase in its forecast with a faster than expected recovery of Belarus' economy in the first quarter of 2018.
The bank's experts predict that in 2018 inflation in Belarus will slightly accelerate, but its level will remain within the forecasted 6 percent. They believe that the dynamics of inflation will be affected by the delayed effect of wage growth and expansion of lending amid persisting high inflation expectations.
However, the EDB analysts predict that Belarus' GDP growth will slow down to 1.9 percent in 2019, and 2 percent in 2020.
