Snopkov: For the second year, Belarus' economy is growing at a rate higher than the world average
For the second year, the Belarusian economy has been growing at a rate higher than the world average.
This information was announced by First Deputy Prime Minister Nikolai Snopkov on October 23 at a joint meeting of the chambers of the National Assembly.
His statement is cited by BELTA .
How the Belarusian economy is growing
As the Deputy Prime Minister said, the country's economy has been growing at a rate higher than the world average for the second year.
For the first 9 months of the current year, this is 104.5%. Let me remind you that the government's goal for the year was 103.8%, Snopkov said.
According to him, the government has been working in mobilization mode for the third year. Detailed task matrices for reducing costs, financial results, exports, and production have been provided with weekly monitoring of implementation. As a result, industry has grown by 6.4% in 9 months.
The demand for products, the Deputy Prime Minister continued, made it possible to increase production capacity and increase sales.
Last year, enterprises produced a record number of passenger cars and trucks, combines, quarry dump trucks, microwaves, televisions, etc. over the past 5 years.
Capacity utilization increased to 77% over 5 years. The share of innovative products increased from 16% to 22.2% over the five-year period.
