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Economy
03 December 2021, 15:07

Belarus' economic growth projected at 2% in 2022

MINSK, 3 December (BelTA) – The Belarusian economy is projected to grow at least by 2% in 2022, Belarusian Prime Minister Roman Golovchenko told the media on 3 December, BelTA has learned.

“The president said that the main task is to secure the performance at least at the level of this year. We do not set any ambitious tasks. We are realists and understand the conditions under which we will have to work next year. Sanctions will certainly have an impact on the economy. The pandemic topic remains on the agenda. This of course affects the global economy. Countries are again imposing quarantines and lockdowns. It remains unknown how the situation will be unfolding,” the prime minister said.

In his words, this year has witnessed an unprecedented increase in the cost of logistics services, with the world economy coming into a state of chaos. “Therefore, forecasting is an unrewarding task right now. Keeping this in mind, the head of state set a task to maintain the current level of economic development. We, however, will be doing our best to secure economic growth of at least 2%. Although we are told that it will be impossible to achieve. They have been saying that for many years now,” said Roman Golovchenko.

“We are realists, we understand the conditions under which we will have to work, but we set a task to achieve growth. Of course, the main reserve for growth will be external demand,” the prime minister added.

Next year, the government will also focus on curbing inflation. The relevant task was set by the head of state: inflation should not exceed 6% in 2022.

Roman Golovchenko explained that this year inflation has become a global problem and Belarus' partners in the Eurasian Economic Union also faced it. “It will still have some influence next year, but the situation will calm down. According to October results, we can already see that the inflation rate has slowed down. Over 23 days in November, the price growth stood at only 0.2%. Probably it will reach 0.3% over the month. This is a standard level of price growth, which we had in the previous years,” said the prime minister.

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