The International Monetary Fund improved its forecast for Belarus's GDP growth in 2026 by 0.7 percentage points — to 1.9%. In 2027, the fund expects the Belarusian economy to grow by 1.2%, whereas it previously predicted 1%.
The IMF also revised its inflation assessment for Belarus. According to its forecast, on average for 2026 and 2027, it will amount to 5.1%. It is expected that inflation will reach 5.2% by the end of 2026 and decrease to 4.9% by the end of 2027. Previously, the fund predicted inflation at 6.4% in 2026.
According to IMF experts' estimates, Belarus's current account deficit will amount to 3.2% of GDP in 2026, and 3.4% in 2027.
The official forecast of the Belarusian authorities is more optimistic: GDP growth in 2026 is expected at 2.8%, and in 2027 — 1.9%. In fact, for January-August 2026, the Belarusian economy grew by 1.9%.
The Belarusian authorities expect that inflation in 2026 will not exceed 7%, and in 2027 — 6%. At the same time, annual inflation in September 2026 was 4.6%.
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