OREANDA-NEWS. The European Bank for Reconstruction and Development (EBRD) has revised its forecast of Belarus year-on-year GDP growth for 2013 from 1.5% to 2%; with a 2.5% growth expected in 2014, according to the EBRD’s report “Regional Economic Prospects in EBRD Countries of Operations: May 2013”.

According to the government’s official forecast, Belarus plans to see its GDP grow by 8.5% on the year in 2013. In 2012, Belarus’ GDP grew 1.5% on the year to 527.4 trillion Belarusian rubles (USD 61.4 billion), which completely coincided with the EBRD forecast. Conversely, the government’s GDP growth forecast for 2012 stood at 5-5.5%.