01827cas a2200241 a 4500 AALejournalIMF015262 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513579863 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Republic of Belarus : Staff Report for the 2015 Article IV Consultation. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (62 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2015 Article IV Consultation highlights that Belarus continues to be highly vulnerable to economic shocks, as was illustrated by the turbulence in foreign exchange and debt markets in late 2014. Frequent bouts of expansionary macroeconomic policies, in a context of deep structural rigidities, have fueled inflation and external imbalances and left Belarus dependent on ad hoc external support. In 2015, growth has slowed sharply as high uncertainty, reductions in real incomes, administrative measures, and declining trade with Russia weighed on activity. The outlook is for a recession and continued external pressures. With Russia in a downturn, the Belarusian economy is projected to contract by 2.25 percent in 2015, led by falling exports. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2015/136 Full text available on IMF http://elibrary.imf.org/view/journals/002/2015/136/002.2015.issue-136-en.xml IMF e-Library