A high rate of economic growth in Belarus – an average of about 8% annually from 2001 to 2011 – has helped reduce poverty almost seven-fold. A favorable external environment supported the economic growth in Belarus.
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April 27, 2015 — Stability-oriented macroeconomic tightening has occurred in response to a deteriorating external environment. The economy is expected to enter into a recession during 2015, which is likely to endure in 2016.
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A new project is designed to enhance silvicultural management, reforestation and afforestation, increase the use of felling residues, and increase the overall contribution of forests to sustainable development.