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10 March 2023, 17:02

Minister: Belarusian economy is recovering

MINSK, 10 March (BelTA) - The Belarusian economy has been showing signs of recovery in 2023, Belarusian Economy Minister Aleksandr Chervyakov to the media on 10 March, BelTA has learned.

“The year 2023 is already demonstrating certain trends. We continue to work under sanctions pressure. Up to 25% of the economy is directly subject to restrictions. If you look at it indirectly, almost all the industries are under sanctions pressure. Nevertheless, under these conditions, the economy is showing signs of recovery,” Aleksandr Chervyakov said.

According to him, industry will grow every month. “Mechanical engineering, food industry, microelectronics have a positive impact on the industry in the first place. We see agriculture growing. Construction industry has resumed a strong run. In general, if we assess economic performance in Q1, we will see that the recovering trend continues. Our estimate is that GDP will be about 98% or higher in Q1. In March, the economy will recover and is likely to return to growth,” the minister said.

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