Belarus’ Economy Ministry expects 4-4.5% average annual GDP growth in 2021-2025
<p> MINSK, Feb 15 - PrimePress. The Economy Ministry of Belarus expects 4-4.5% average annual gross domestic product (GDP) growth in 2021-2025, Economy Minister Alexander Chervyakov said on February 14, 2021 on Belarus-1 TV channel. </p> <p> </p> <p> “Average global GDP growth rate is about 3-5%. As concerns our economy, we plan 4-4.5% growth per year in the next five years. A growth program is being drawn up to this end,” BelTA state newswire quotes Chervyakov as saying. </p> <p> </p> <p> The minister said that the government would prioritize regional development in 2021-2025, in particular, setting up of new enterprises “with highly productive jobs.” “This is the first factor to reduce migration from the regions to Minsk and other big cities, or emigration,” he said. </p> <p> </p> <p> As previously reported, Belarus’ socioeconomic development program for 2016-2020 forecasted 12-15% GDP growth, which, in fact was around 3.5%. GDP of Belarus decreased in 2020 by 0.9% from 2019, the official growth forecast being 2.8%. GDP grew in 2019 by 1.2% year on year against the target of 4%. End </p>
2021-02-16
Primepress
Belarus’ Economy Ministry expects 4-4.5% average annual GDP growth in 2021-2025
MINSK, Feb 15 - PrimePress. The Economy Ministry of Belarus expects 4-4.5% average annual gross domestic product (GDP) growth in 2021-2025, Economy Minister Alexander Chervyakov said on February 14, 2021 on Belarus-1 TV channel.
“Average global GDP growth rate is about 3-5%. As concerns our economy, we plan 4-4.5% growth per year in the next five years. A growth program is being drawn up to this end,” BelTA state newswire quotes Chervyakov as saying.
The minister said that the government would prioritize regional development in 2021-2025, in particular, setting up of new enterprises “with highly productive jobs.” “This is the first factor to reduce migration from the regions to Minsk and other big cities, or emigration,” he said.
As previously reported, Belarus’ socioeconomic development program for 2016-2020 forecasted 12-15% GDP growth, which, in fact was around 3.5%. GDP of Belarus decreased in 2020 by 0.9% from 2019, the official growth forecast being 2.8%. GDP grew in 2019 by 1.2% year on year against the target of 4%. End