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and structural recessions. Since 2015, the Belarusian government and the National Bank of Belarus have been giving …-2018 than in the previous 24 years since 1991. As the relative welfare level in Belarus is currently 64% compared to the Central … and Eastern Europe (CEE) countries average, Belarus needs to build stronger fundaments of sustainable growth by continuing …
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While output declined in virtually all transition economies in the initial years, the speed and extent of the recovery that followed has varied widely across these countries. The contrast between the more and less successfull transitions, the latter largely in former Soviet Union, raises many...
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