There is an increase in investment activity in Belarus. This is stated in the weekly macroeconomic review of the Eurasian Development Bank.
“There is an increase in investment activity: investments in fixed assets increased by 7.6% in January-September compared to the same period last year, after 7.1% in January-August.” – says the review.
Belarus’ GDP is reported to have grown by 4.5% in January-September 2024, after 4.9% in January-August. As the bank noted, “industry remains the main driver of the economy, providing around 2% of GDP growth.”
“The contribution of trade amounted to approximately 0.7% in the context of a year-on-year increase in retail trade of 11.8% year-on-year and wholesale trade turnover of 6% year-on-year in January-September. The agricultural sector showed production growth of 5.1% year-on-year, providing approximately 0.4% of economic growth.” – noted the BDE.
Let us remember that Belarus has been subject to strict sanctions by Western countries since 2020. Despite this, the republican authorities affirm. that the country managed to adapt to the negative situation.
