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World Bank: Belarus' economic growth will slow down in 2019/2021

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The World Bank expects a slower economic growth in Belarus in 2019/20, according to the data in its Global Economic Prospects flagship report. The annual growth rate for Belarusian economy may slow down to 2.7% in 2019 and down to 2.5% in 2020/21. The lack of structural reforms may leave to increased political uncertainty, according to the World Bank experts.

The report also forecasts a slowdown for the global economy.