A Half-Step from the Abyss: Belarus’s Economy Ahead of Presidential Elections

... statements by top officials in Minsk do little to conceal the fact that the economy of Belarus is in dire straits. Although they are doing their best to justify the trouble... ... in the obsolete model of development based on the dominance of state ownership and Russian resource assistance. Since early this year, Belarus GDP has been in the red... ... Russian) The third quarter of 2015 will be a major test for Belarus. With presidential elections looming, economic logic often tends to be replaced by political populism,...