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Positive trends in Belarusian economy keep momentum

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MINSK, 19 August (BelTA) - Positive trends in the Belarusian economy keep momentum, BelTA learned from the press service of the Economy Ministry of Belarus.

According to the National Statistics Committee, the GDP rose by 5.5% in January-July. The manufacturing sector remains the growth driver with the 7.5% growth. The demand for manufactured products is evidenced by decreasing stocks that went down by 9.4% year-on-year.

Trade holds high positions: retail surged by 11.8%, wholesale - by 8.1%. This is facilitated by the growth of real incomes of the population.

Good dynamics remain in place in agriculture, with the agricultural output up by 18.1% in January-July. Grain and fodder harvesting is ahead of schedule. A significant increase was posted in the production of eggs (up by 14.2%), vegetables (up by 11.2%) and milk (6.2%).

Construction made a significant contribution to the economy: in January-July, the growth was 9.5%. Positive trends also prevail in the transport sector (up by 6.5%): passenger turnover went up by 9.2%, cargo turnover - by 3.8%. This indicates that citizens are actively traveling, business activity is growing. The IT industry entered the "green" zone: inching up by 0.2% in January-July.

Exports of goods and services continue to recover. The growth rate of exports accelerated to 3.7% in January-June 2024. Merchandise exports amounted to $19.9 billion, with physical volumes of supplies going up by 7% and the price environment improving. In particular, exports to the markets of friendly countries increased by 4.1%, to Asian countries - by 16.6%, Africa - by 3.7 times. From January to June export prices added 5.8%. Belarus had a foreign trade surplus of $100.2 million.

Annual inflation fell from 5.8% in June to 5.5% in July, which, along with the stable operation of the economy, makes it possible to ensure a faster growth rate of real disposable incomes of the population (up by 9.6% in January-June 2024).

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