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Economy
09 July 2024, 18:03

Eurasian Fund for Stabilization and Development: Belarus’ economy on growth track in Q1 2024

MINSK, 9 July (BelTA) – In the first quarter of 2024, the Belarusian economy continued to grow at a relatively high pace, reads the summer regional economic review by the Eurasian Fund for Stabilization and Development, BelTA has learned.

During this period, domestic demand fueled by rising real incomes and consumer lending remained the key driver of growth. “Inflation has slowed down slightly amidst relative stability of the exchange rate and preservation of price controls. The growth of domestic demand and foreign trade contributed to a significant improvement in fiscal parameters and an increase of the budget surplus,” the review remarked.

According to the estimates of the Eurasian Fund for Stabilization and Development, in the first quarter of 2024 Belarus’ debt-to-GDP ratio dropped.
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