Belarus Ranks 3rd in GDP Growth among CIS Countries

13.01.2011 14:45
Архив Редакция

Belarus took the third place in GDP growth among the CIS countries in 2010, following Turkmenistan and Uzbekistan. These countries' GDP growth amounted to 11.7%, 8% and 7% respectively over the past year. These data are provided in the analytical report of the World Bank, released on January 12. 

According to the forecast of the World Bank Belarus will retain a high rate of economic growth among the CIS countries at the level of 8.3% in 2011-2012.

According to the World Bank forecasts, leaders in eonomic growth of 2011 could become China (GDP growth — 8.7%) and India (8.4%), as well as their partners in the BRIC countries — Russia (4%) and Brazil (4.4 %). U.S. expects 2.8% economic growth, Japan — 1.8%, the euro area — 1.4%, the agency «REGNUM-Belarus» reports.

According to the World Bank’s estimates, the global economy is in transition from crisis recovery to a slow but fairly steady growth. Developing and transitional countries will have roughly half the world economic growth in 2011; 6% GDP growth is expected. High income countries should reach 2.4% GDP growth, similar to the global rate — 3.3%.