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The new old choice for economic policymakers in Belarus


  • Alexander Chubrik


In 2011, the Belarusian ruble lost nearly 2/3 of its value. In December, the inflation rate approached 110% yoy. At the same time, the economy grew by 5.3% that year and continued with 3.6% yoy growth in January 2012. Is this a sign of economic recovery? Will it turn into sustainable growth? Or has the country exited from the crisis at all? To address these questions, CASE Fellow and Director of the IPM Research Centre in Minsk Alexander Chubrik looks at the roots of the 2011 crisis and compares them with the features of the long-lasting period of economic growth in Belarus.

Suggested Citation

  • Alexander Chubrik, 2012. "The new old choice for economic policymakers in Belarus," CASE Network E-briefs 08, CASE-Center for Social and Economic Research.
  • Handle: RePEc:sec:ebrief:1208

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    Cited by:

    1. Alexander Chubrik & Alaksei Kazlou, 2013. "Costs and Benefits of Labour Mobility between the EU and the Eastern Partnership Partner Countries. Country report: Belarus," CASE Network Studies and Analyses 0462, CASE-Center for Social and Economic Research.
    2. Dabrowski, Marek, 2013. "Monetary policy regimes in CIS economies and their ability to provide price and financial stability," BOFIT Discussion Papers 8/2013, Bank of Finland, Institute for Economies in Transition.

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    Trade; economic integration and globalization; Eastern Europe; Caucasus and Central Asia; Belarus;

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