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Economy
30 November 2022, 15:22

PM: Belarus' economy shows resilience, adaptability to external shocks

MINSK, 30 November (BelTA) – The domestic economy demonstrates resilience and adaptability to external shocks, Belarus' Prime Minister Roman Golovchenko said as he addressed deputies of the House of Representatives and members of the Council of the Republic in the Oval Hall on 30 November, BelTA has learned.

“We are developing our forecasts and plans for 2023 based on this year's results,” said Roman Golovchenko.

According to him, this year the economy faced external sanctions and trade restrictions. These factors continue to have an impact on businesses and investment activity,” the head of government said.

“The country's economic mainstays have been subjected to significant trade restrictions. Large industrial companies and major GDP-generating enterprises suffer the most from these sanctions. The sanctions have an indirect impact on related sectors of the economy, primarily wholesale trade and cargo transportation,” the prime minister said.

The government has undertaken a number of measures to support producers of goods and services. It has stepped up efforts to resolve logistics issues, to redirect exports and to penetrate new markets.

“Although the working conditions have deteriorated tremendously this year, the economy as a whole demonstrates stability and adaptability to external shocks. This proves that the measures taken are adequate and effective,” Roman Golovchenko emphasized.

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