Political Challenges of 2020 and their Implications for the Economic Model of the Republic of Belarus

Abstract

The elections held in the Republic of Belarus in August 2020 and the subsequent development of the political situation have significantly increased the economic risks for the country’s national economy. However, forecasts related to a significant weakening of the economy did not materialize. The Belarusian economy can be called “garrison” or “mobilization”, but it has passed a unique test for peacetime.

Keywords

• national economic model
• belarus
• gdp
• public sector
• services sector