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Economy
25 October 2022, 19:42

Belarusian economy recovering thanks to agriculture, manufacturing, communications industry

Aleksandr Chervyakov
Aleksandr Chervyakov

MINSK, 25 October (BelTA) – The economy is recovering thanks to agriculture, manufacturing sector, information and communications industry, BelTA learned from Belarusian Economy Minister Aleksandr Chervyakov before a session of the Council of Ministers.

Aleksandr Chervyakov said: “After a five-month-long slowdown the economy got onto a recovery track in August and September. What is driving economic growth? Primarily agriculture, information, and communications. The manufacturing sector started recovering in September. We see key commodities growing. The output of tractors, harvesters, microchips, household appliances, and so on has increased by over 20%. This list is rather extensive. We intend and are putting every effort into getting 100% in monthly terms by December.”

The official also mentioned the matter of economic balance. “Today we have a foreign trade surplus of over $3 billion, which keeps the financial market and the currency market stable and gives us an opportunity to develop investment projects. The economy is working steadily and it is the most important thing today. It gives us the capability to honor all the social commitments and build infrastructure,” the economy minister stressed.

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