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Economy
08 September 2022, 18:06

Good harvest, output of agricultural products to secure economic growth in Belarus

MINSK, 8 September (BelTA) – Economic growth will be secured thanks to an ample harvest and thanks to the output of agricultural products, Belarusian Deputy Economy Minister Dmitry Yaroshevich told BelTA when asked about projected GDP dynamics in January-August 2022.

Dmitry Yaroshevich estimated the economic growth rate at 95.3% in January-August 2022, 0.5 percentage points up from July 2022.

In his words, economic growth will be higher primarily thanks to a bountiful harvest and respectively a higher output of agricultural products. “We are now doing much better with regard to cereals (1.2 times up), colza, poultry meat, milk, and other goods. It will be a great contribution to our food security and will enhance our export potential. It is also important that despite external pressure we've managed to prevent negative dynamics in other sectors of the economy. All the key industries will perform roughly at the level of January-July according to our estimates,” he said. It testifies to the successful adaptation of the real sector to sanctions-fuelled restrictions. Further implementation of the comprehensive support plan will help the economy maintain restorative dynamics, the official stressed.

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