Belarus’ GDP likely to be down 0.5% in 2020 – Lukashenko
<p> MINSK, Jan 5 - PrimePress. Belarus’ gross domestic product (GDP) can decrease by 0.5% year on year in 2020, President of Belarus Alexander Lukashenko said when visiting Horizont Holding Managing Company (Minsk) on January 5, 2021, the presidential press office reports. </p> <p> </p> <p> According to the president, unlike other countries, Belarus managed to achieve a minimum GDP decline in 2020, because industrial enterprises were not shut down during the coronavirus pandemic. </p> <p> </p> <p> Lukashenko welcomed the setup of an innovation center at Horizont. He said that recently established competence centers in the IT sector alongside the Hi-Tech Park promote robust competition. “We needed an alternative in the country, and you are a good alternative,” he said. </p> <p> </p> <p> The Economy Ministry of Belarus said earlier that Belarus’ GDP was likely to decline by 0.8% year on year in 2020, the forecasted growth being 2.8%. Belarus’ GDP grew in 2019 by 1.2% year on year, while the official growth forecast was 4%. Belarusian authorities forecast 1.8% GDP growth in 2021. End </p>
2021-01-06
Primepress
Belarus’ GDP likely to be down 0.5% in 2020 – Lukashenko
MINSK, Jan 5 - PrimePress. Belarus’ gross domestic product (GDP) can decrease by 0.5% year on year in 2020, President of Belarus Alexander Lukashenko said when visiting Horizont Holding Managing Company (Minsk) on January 5, 2021, the presidential press office reports.
According to the president, unlike other countries, Belarus managed to achieve a minimum GDP decline in 2020, because industrial enterprises were not shut down during the coronavirus pandemic.
Lukashenko welcomed the setup of an innovation center at Horizont. He said that recently established competence centers in the IT sector alongside the Hi-Tech Park promote robust competition. “We needed an alternative in the country, and you are a good alternative,” he said.
The Economy Ministry of Belarus said earlier that Belarus’ GDP was likely to decline by 0.8% year on year in 2020, the forecasted growth being 2.8%. Belarus’ GDP grew in 2019 by 1.2% year on year, while the official growth forecast was 4%. Belarusian authorities forecast 1.8% GDP growth in 2021. End