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24 May 2024, 17:37

Belarus’ PM: CIS economic growth exceeded global pace in 2023

ASHGABAT, 24 May (BelTA) - The economic growth in the CIS countries exceeded the global pace in 2023, Belarusian Prime Minister Roman Golovchenko said at the meeting of the CIS Heads of Government Council in Ashgabat, Turkmenistan on 24 May, BelTA has learned.

"Amid the challenging external conditions of 2023, economic growth in the CIS countries averaged 3.8%. In 2022 we were on average in the negative zone - minus 0.5%. As for Belarus, GDP grew by 3.9% in 2023,” Roman Golovchenko said. He noted that the economic growth in the CIS exceeded the global pace, which was at 2.7%.

“It is gratifying that all the CIS states maintain economic growth this year. According to statistics, the CIS’s GDP grew by 3.9% in the first quarter. Belarus’ GDP went up by 4.1% in January-March and by 5.1% in January-April,” the prime minister added.

He also noted the stable high share of settlements in national currencies between CIS countries - more than 85%. “Fixed capital investment has grown by more than 10%, cargo transportation has exceeded the level of 2022 by almost 6%. Unemployment is decreasing in the CIS countries. Economic activity is growing in all the member states, and economic ties are strengthening. It is important to build on these dynamics to implement new projects and increase the relevance of our integration association,” the head of government stressed.

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