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17 May 2023, 11:57

Chervyakov: Belarusian economy keeps recovering

Aleksandr Chervyakov
Aleksandr Chervyakov

MINSK, 17 May (BelTA) - The economy continues its recovery, demonstrating monthly growth, Belarusian Economy Minister Aleksandr Chervyakov said prior to the session of the Council of Ministers to discuss the results of the country's social and economic development at the start of the year, BelTA has learned.

“The economy continues its recovery. As it was planned, the monthly growth averages 1.5%. The growth is observed in almost all the sectors of the economy,” Aleksandr Chervyakov said.

The minister explained that the industrial complex fully restored at the beginning of the year - the growth made up 2.3% in January-April 2023. “Agriculture is also on the rise – up 3.7%. Retail and foreign trade has fully restored. We increased by 8% in January-March and earned $11.7 billion in exports, which is record high over the past 10 years,” he added.

According to Aleksandr Chervyakov, the most important result of Q1 2023 is the recovery of people's real income. “Wages in real terms increased by 1.7%, pensions by 9% and income in general by 0.3%,” he said.

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