Dynamics of a successful partnership
Internal and external reserves for the forward movement of the Belarusian economy
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In the first nine months of 2024, the Belarusian economy maintained a growth rate above the forecast and average global indicators. This is explained by the fact that the republic is actively implementing specific measures to improve the competitiveness and innovativeness of the Belarusian economy, including increasing the depth of processing of traditional raw materials and implementing import-substituting projects. The traditional leader - industry - continues to operate at a high rate of more than six percent. The growth of exports of goods and services in January-August this year has incre...
In the first nine months of 2024, the Belarusian economy maintained a growth rate above the forecast and average global indicators. This is explained by the fact that the republic is actively implementing specific measures to improve the competitiveness and innovativeness of the Belarusian economy, including increasing the depth of processing of traditional raw materials and implementing import-substituting projects. The traditional leader - industry - continues to operate at a high rate of more than six percent. The growth of exports of goods and services in January-August this year has increased to almost five percent The supplies of Belarusian goods exceeded $26 billion. The main driver of growth is food, exports of which increased by almost 16 percent. Belarus continues to increase supplies to the markets of friendly countries. For example, to Asian countries - by almost eight percent. As for Africa, exports have grown almost fourfold, amounting to almost half a billion dollars. This is the maximum volume of exports and exceeds the annual figures of all previous years. This study describes how the internal and external reserves of the national economy influence the dynamics of Belarus' successful international partnership.
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